How Blockfy enabled Brazilians to withdraw local currency via Pix at Paraguay ATMs, converting BRL to Guaranis.
The Challenge
Wepa, a company of the Ueno Bank group, is one of the leading digital transactional networks in Paraguay, with over 900 service points and self-service terminals across the country. The company offers a wide range of financial services, including remittances, payments, and withdrawals — even in remote and tourist areas — operating 24 hours a day, 7 days a week. With the growing number of Brazilians traveling to Paraguay, there emerged a need for a simpler and more practical way to withdraw local currency — without relying on exchange houses or international cards, which often involve high fees and bureaucratic hurdles. The challenge was to develop a technology integrated with Wepa’s terminals that would allow the use of Pix — Brazil’s instant payment system — to make withdrawals in Guaranis, while complying with the financial regulations of two different countries and maintaining high standards of fraud prevention and security.
Solution
How Blockfy Helped
Blockfy developed an innovative solution that integrates Brazil’s instant payment system (Pix) with Wepa’s terminals in Paraguay, allowing any Brazilian with access to their banking app to withdraw Guaranis directly from Wepa ATMs. The technology was built with multiple layers of security, encrypted authentication, and full traceability, ensuring compliance with regulatory authorities in both Brazil and Paraguay, while preventing any possibility of fraud.
Blockfy’s solution has revolutionized the experience of Brazilian tourists in Paraguay, making access to local currency simpler, faster, and more convenient — with no need for international accounts or currency exchange services.
Impactful Results
n just 12 months of operation, the results have been remarkable, offering convenience and cost savings with conversion fees lower than those of traditional exchange options.
+100M
Completed Transactions
+5
Billion
Guarani Withdrawn
How Blockfy enabled Brazilians to withdraw local currency via Pix at Paraguay ATMs, converting BRL to Guaranis.
The Challenge
Wepa, a company of the Ueno Bank group, is one of the leading digital transactional networks in Paraguay, with over 900 service points and self-service terminals across the country. The company offers a wide range of financial services, including remittances, payments, and withdrawals — even in remote and tourist areas — operating 24 hours a day, 7 days a week. With the growing number of Brazilians traveling to Paraguay, there emerged a need for a simpler and more practical way to withdraw local currency — without relying on exchange houses or international cards, which often involve high fees and bureaucratic hurdles. The challenge was to develop a technology integrated with Wepa’s terminals that would allow the use of Pix — Brazil’s instant payment system — to make withdrawals in Guaranis, while complying with the financial regulations of two different countries and maintaining high standards of fraud prevention and security.
Solution
How Blockfy Helped
Blockfy developed an innovative solution that integrates Brazil’s instant payment system (Pix) with Wepa’s terminals in Paraguay, allowing any Brazilian with access to their banking app to withdraw Guaranis directly from Wepa ATMs. The technology was built with multiple layers of security, encrypted authentication, and full traceability, ensuring compliance with regulatory authorities in both Brazil and Paraguay, while preventing any possibility of fraud.
Blockfy’s solution has revolutionized the experience of Brazilian tourists in Paraguay, making access to local currency simpler, faster, and more convenient — with no need for international accounts or currency exchange services.
Impactful Results
n just 12 months of operation, the results have been remarkable, offering convenience and cost savings with conversion fees lower than those of traditional exchange options.
+100M
Completed Transactions
+5
Billion
Guarani Withdrawn
How Blockfy enabled Brazilians to withdraw local currency via Pix at Paraguay ATMs, converting BRL to Guaranis.
The Challenge
Wepa, a company of the Ueno Bank group, is one of the leading digital transactional networks in Paraguay, with over 900 service points and self-service terminals across the country. The company offers a wide range of financial services, including remittances, payments, and withdrawals — even in remote and tourist areas — operating 24 hours a day, 7 days a week. With the growing number of Brazilians traveling to Paraguay, there emerged a need for a simpler and more practical way to withdraw local currency — without relying on exchange houses or international cards, which often involve high fees and bureaucratic hurdles. The challenge was to develop a technology integrated with Wepa’s terminals that would allow the use of Pix — Brazil’s instant payment system — to make withdrawals in Guaranis, while complying with the financial regulations of two different countries and maintaining high standards of fraud prevention and security.
Solution
How Blockfy Helped
Blockfy developed an innovative solution that integrates Brazil’s instant payment system (Pix) with Wepa’s terminals in Paraguay, allowing any Brazilian with access to their banking app to withdraw Guaranis directly from Wepa ATMs. The technology was built with multiple layers of security, encrypted authentication, and full traceability, ensuring compliance with regulatory authorities in both Brazil and Paraguay, while preventing any possibility of fraud.
Blockfy’s solution has revolutionized the experience of Brazilian tourists in Paraguay, making access to local currency simpler, faster, and more convenient — with no need for international accounts or currency exchange services.
+100M
Completed Transactions
+5 Billion
Guarani Withdrawn
Impactful Results
In just 12 months of operation, the results have been remarkable, offering convenience and cost savings with conversion fees lower than those of traditional exchange options.
