A lot has changed in the world lately, and a lot is changing in the world of FinTech as well.

A banQi pre-paid card is next to a cellphone showing the banQi app and its options to withdraw, deposit, and transfer money
A banQi pre-paid card is next to a cellphone showing the banQi app and its options to withdraw, deposit, and transfer money
banQi users can conveniently deposit, withdraw, pay CDCs and use a virtual card all from their device, as well as use a physical banQi card.

Airfox, along with a growing force of like-minded innovators, endeavors to pioneer the future of financial services and facilitate greater financial inclusion. We are the embodiment of FinTech. We act on our mission by leveraging technology to break down traditional barriers with modern solutions:

  • Where traditional branch banking is increasingly expensive and inconvenient to low-income and rural neighborhoods, we supply branchless banking and make money accessible through an easy-to-use mobile app and convenient physical retail locations.

A collage of assorted pictures representing Airfox’s accomplishments throughout 2020.
A collage of assorted pictures representing Airfox’s accomplishments throughout 2020.
In 2020, Airfox was acquired by Via Varejo, and banQi was recognized for its social impact potential and impressive customer ratings.

It’s safe to say that, for most people, 2020 felt like a whole decade crammed into one year. Looking back on the past 12 months for Airfox really drives the point home.

This year marked our fourth anniversary as a company and we kicked off January 2020 with some impressive milestones. World Finance Magazine selected banQi, our inclusive mobile banking platform, as the Best Consumer Bank and Best Mobile App in Brazil. Our development team added some fantastic new features to banQi, making it even easier and less expensive for Brazilians to access their money and build wealth. …

Cathy fell in love with the diversity of Brazil and never looked back. Today, she’s helping bank the unbanked in Brazil with Airfox.

A woman smiles in front of a painted mural of many colorful faces
A woman smiles in front of a painted mural of many colorful faces
Cathy sitting in front of a colorful mural on Avenida Paulista in São Paulo

Senior Manager of Business Analytics, Cathy Melnikow, is one of Airfox’s most valuable employees when it comes to bridging the gap between our Boston and Brazil offices, thanks to her time spent living and working in both countries learning their cultural similarities and differences. …

Steadfast service for banQi users guides our efforts

Despite the continuing pandemic and widespread economic uncertainty, Airfox has been fortunate in experiencing an explosion of growth with banQi this year:

  • We saw an 83% increase in new banQi accounts early in the year (Q1 vs Q2)

As cashless transactions become the new normal, underbanked Brazilians need a digital banking option.

At Airfox, we’ve always believed that mobile technology can deliver greater financial inclusion more fairly, quickly, and effectively than any other means. The continuing coronavirus pandemic shows that mobile solutions might also deliver financial services more safely, too.

banQi provides digital banking to those usually overlooked by traditional banks.

What’s happening?

A largely misinterpreted comment from a World Health Organization spokesperson in March led to widespread news reports that cash transactions should be avoided due to increased risk of viral spread via banknote surfaces. …

Depositing cash in banQi just got easier

With the acquisition of Airfox now finalized, the Airfox team is accelerating the development of our banQi app and new features. As part of the Via Varejo group, we are furthering our mission to offer underbanked Brazilians accessible, affordable, and simple financial services on a larger scale.

By leveraging Via Varejo’s resources, the Airfox team has developed and launched a new way for banQi users to make cash deposits. In addition to making deposits at Casas Bahia stores, banQi users can now make deposits at lotéricas and have the money added directly to their banQi accounts.

A man depositing at a Loterica
A man depositing at a Loterica
Lotéricas are located across Brazil with over 13,000 locations.

What are lotéricas?

Lotéricas are stores throughout…

A new UI, better card security, and more updates from the Airfox team.

Airfox constantly strives to innovate and find new ways to improve our users’ experience with banQi. Since its launch in June 2019, we have built new features and developed better ways to make the app as accessible and simple as possible in order to offer the underbanked a fair and viable banking option.

Recently we reached 500,000 downloads on the Google Play store, won various awards, and partnered with several Brazilian organizations to support the most vulnerable through the current crisis. But, we’ve also remained focused on improving our banQi app and developing much-needed services for our users.

banQi has a sleek, new UI design

the new UI
the new UI

We recently…

banQi app recognized in LATAM category of World Changing Ideas award by Fast Company

Fast Company World Changing Ideas 2020 logo
Fast Company World Changing Ideas 2020 logo

The winners of Fast Company’s 2020 World Changing Ideas Awards have been announced today, honoring the businesses, policies, projects, and concepts that are actively engaged in and deeply committed to innovation when it comes to the climate crisis, social injustice, or economic inequality.

Airfox is honored to be recognized as a finalist in the LATAM category for bringing financial inclusion to Brazil and empowering the unbanked through the banQi app. …

Airfox ramps up banQi feature development in response to COVID-19

The whole world is adjusting to life under pandemic conditions. As COVID-19 continues its spread across the globe, populations large and small are changing habits, learning to avoid physical contact with others as much as possible, and offering support to their communities in whatever ways they can.

The hope is that, together, we can flatten the curve of projected coronavirus cases so that health systems are not overwhelmed and those most in need will have access to the best available care. …

Airfox is enabling the transfer of R$1 million to 2,000 women

We’re proud to be working with the Casas Bahia Foundation to operationalize their Fundo Emergencial Mulher Empreendedora (Entrepreneurial Women Emergency Fund) initiative.

The initiative involves the donation of R$1 million to 2,000 women who live and work on their own in the cities of São Paulo and Rio de Janeiro and have been affected by the COVID-19 pandemic. Airfox’s banQi app will facilitate this large financial operation — enabling the transfer of R$500 to each female entrepreneur.

Airfox and the Casas Bahia Foundation are working together to fund female entrepreneurs.
Airfox and the Casas Bahia Foundation are working together to fund female entrepreneurs.

Innovating to support communities

Small businesses and micro-entrepreneurs are among the most affected in this global pandemic. To support the most vulnerable and to strengthen Brazilan communities…


Accelerate financial inclusion in emerging markets using technology built with trust and inclusion. www.airfox.com

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