Wallets/banco-safra
Banco Safra (Conta Digital + SafraWallet + AgZero)
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Overview
Banco Safra (Conta Digital + SafraWallet + AgZero) is Brazil's 7th largest banking institution + Safra family controlling + investment banking + private banking + asset management + retail banking via AgZero neobank + SafraWallet QR code cash withdrawals at 23,000+ ATMs + consolidated net equity R$19.4B Jun 2025 [1, 2, br-cro]. 2025 baseline: Banco Safra consolidated net equity R$19.4B Jun 2025 + continued robust profitability in the first half of the year; SafraWallet QR code cash withdrawals at 23,000+ ATMs distinctive Brazilian ATM QR cardless cash withdrawal; AgZero neobank distinctive Brazilian Safra neobank subsidiary.
Distinctive Banco Safra positioning:
- Brazil's 7th largest banking institution (Banco Safra S.A.; privately-held; Safra family controlling)
- Safra family controlling distinctive Brazilian Safra family banking dynasty
- Investment banking + private banking + asset management + retail banking via AgZero neobank distinctive Brazilian comprehensive banking offering
- SafraWallet QR code cash withdrawals at 23,000+ ATMs distinctive Brazilian ATM QR cardless cash withdrawal
- Consolidated net equity R$19.4B Jun 2025 distinctive Brazilian banking scale
- AgZero neobank distinctive Brazilian Safra neobank subsidiary
- 1955 Banco Safra founding by Joseph Safra in São Paulo distinctive Brazilian Safra family banking heritage
History
1955 — Banco Safra founded by Joseph Safra in São Paulo as Brazilian commercial bank (Safra family banking dynasty post-Aleppo Syria origin).
1971 — Banco Safra incorporated as Brazilian commercial bank.
2018 — Banco Safra Conta Digital launches as Brazilian Safra digital account mobile banking.
2020 — AgZero neobank launches as Brazilian Safra neobank subsidiary.
Jun 2025 — Banco Safra consolidated net equity R$19.4B + continued robust profitability in the first half of the year [1, 2].
2025 — SafraWallet QR code cash withdrawals at 23,000+ ATMs [3].
Ownership & operator
Operating entity: Banco Safra S.A. (privately-held; Safra family controlling; Brazil's 7th largest banking institution).
Major shareholders: Safra family controlling (Joseph Safra heritage post-Aleppo Syria origin; Jacob Safra Group + Edmond J. Safra heritage + Joseph Safra family + Alberto Safra + Jacob Safra Jr. + David Safra) + Brazilian + foreign investors.
Regulators: BCB (Banco Central do Brasil) + CVM.
Technical integration
Banco Safra Conta Digital mobile banking app (iOS + Android) + safra.com.br online + Banco Safra branch network Brazil + US (Safra National Bank of New York) + Switzerland (Bank J. Safra Sarasin) + Luxembourg + Cayman Islands + Bahamas + Banco Safra Visa + Mastercard cards; Pix + EMV QRCode; SafraWallet available on the App Store and Google Play; clients can use SafraWallet to make cash withdrawals at Safra Bank's more than 23,000 cash machines and ATMs using the QR Code distinctive Brazilian ATM QR cardless cash withdrawal + AgZero neobank distinctive Brazilian Safra neobank subsidiary.
Users & growth
Jun 2025: Banco Safra consolidated net equity R$19.4B + continued robust profitability in the first half of the year.
Use cases
Brazilian retail + private + SME + commercial + investment + private banking + asset management + neobank (AgZero) via Banco Safra Conta Digital mobile + safra.com.br online + Banco Safra branch network Brazil + US (Safra National Bank of New York) + Switzerland (Bank J. Safra Sarasin) + Luxembourg + Cayman Islands + Bahamas + Visa/Mastercard cards; Pix + EMV QRCode; SafraWallet QR code cash withdrawals at 23,000+ ATMs distinctive Brazilian ATM QR cardless cash withdrawal + AgZero neobank distinctive Brazilian Safra neobank subsidiary.
Implementations & partners
Operator: Banco Safra S.A. (privately-held; Safra family controlling; Brazil's 7th largest banking institution); Safra family controlling (Joseph Safra heritage post-Aleppo Syria origin; Jacob Safra Group + Edmond J. Safra heritage + Joseph Safra family + Alberto Safra + Jacob Safra Jr. + David Safra) + Brazilian + foreign investors.
International Safra Group ecosystem: Safra National Bank of New York (US) + Bank J. Safra Sarasin (Switzerland; SIX: BJSS) + J. Safra Sarasin (Luxembourg) + Cayman Islands + Bahamas distinctive Safra family international banking dynasty.
Major Brazilian banking competitors: [[banco-itau]] (Itaú Unibanco's mobile banking; B3: ITUB4; NYSE: ITUB; Brazil's largest private bank by assets; Itaú Superapp 10M+ customers migrated Jun 2025) + [[bradesco]] (Brazil's second-largest private bank by assets; B3: BBDC4; NYSE: BBD) + [[santander-brasil]] (Banco Santander Brasil; 19M+ digital banking customers) + [[banco-do-brasil]] (Brazil's largest bank by assets; B3: BBAS3; state-controlled) + [[caixa-tem]] (Caixa Econômica Federal mobile banking; Brazil's #2 bank by assets; state-controlled) + [[nubank]] (Brazil's largest neobank; NYSE: NU; 131M+ customers) + [[c6-bank]] (Brazilian digital bank + JPMorgan ~46% stake; B3: C6BB34) + [[banco-inter]] (Brazilian digital bank; B3: INBR32; NASDAQ: INTR) + [[banco-original]] (Brazilian digital bank) + [[picpay]] (Brazilian fintech super app; NASDAQ: PICS post-Jan 29 2026 IPO; 66M+ customer accounts + 42M quarterly active users Q3 2025) + [[btg-pactual]] (Latin America's largest investment bank; B3: BPAC11; BTG+ launched Brazil early 2021 after 8 months of development).
Regulators: BCB + CVM.
Fun facts
- Brazil's 7th largest banking institution (Banco Safra S.A.; privately-held; Safra family controlling).
- Safra family controlling distinctive Brazilian Safra family banking dynasty (post-Aleppo Syria origin).
- Investment banking + private banking + asset management + retail banking via AgZero neobank distinctive Brazilian comprehensive banking offering.
- SafraWallet QR code cash withdrawals at 23,000+ ATMs distinctive Brazilian ATM QR cardless cash withdrawal.
- Consolidated net equity R$19.4B Jun 2025 distinctive Brazilian banking scale.
- AgZero neobank distinctive Brazilian Safra neobank subsidiary.
- 1955 Banco Safra founding by Joseph Safra in São Paulo distinctive Brazilian Safra family banking heritage.
- International Safra Group ecosystem: Safra National Bank of New York (US) + Bank J. Safra Sarasin (Switzerland; SIX: BJSS) + J. Safra Sarasin (Luxembourg) + Cayman Islands + Bahamas distinctive Safra family international banking dynasty.
Comparison
| Feature | Banco Safra | [[banco-itau]] (Brazil's largest private bank by assets rival; Itaú Superapp) | [[bradesco]] (Brazil's second-largest private bank by assets rival) | [[btg-pactual]] (Latin America's largest investment bank rival; BTG+) | [[nubank]] (Brazil's largest neobank rival; 131M+ customers) |
|---|---|---|---|---|---|
| Operator | Banco Safra S.A. (privately-held; Safra family controlling; Brazil's 7th largest banking institution) | Itaú Unibanco Holding S.A. (B3: ITUB4; NYSE: ITUB; Brazil's largest private bank by assets) | Banco Bradesco S.A. (B3: BBDC4; NYSE: BBD) | Banco BTG Pactual S.A. (B3: BPAC11; Latin America's largest investment bank) | Nu Holdings Ltd. (NYSE: NU; Brazil's largest neobank) |
| Type | Brazil's 7th largest banking institution + Safra family controlling + investment banking + private banking + asset management + retail banking via AgZero neobank + SafraWallet QR code cash withdrawals at 23,000+ ATMs + consolidated net equity R$19.4B Jun 2025 | Itaú Superapp 10M+ customers migrated Jun 2025 + 20M app users + 97% individual transactions digital channels + Itaú Brazil's largest private bank by assets + #1 banking app performance ranking 2025 | Brazil's second-largest private bank by assets + Bradesco mobile banking | Latin America's largest investment bank + BTG+ launched Brazil early 2021 after 8 months of development + Brazil's best transaction bank 2025 Euromoney - BTG Pactual Empresas + BTG+ App Store 4.9 + Google Play 4.8 rating | Brazil's largest neobank + 131M+ customers across BR + MX + CO Q3 2025 + Mexico 13.1M customers Q3 2025 ~14% MX adult population + Colombia 3.8M customers Q3 2025 ~10% CO adult population |
| Country | BR + US + CH + LU + KY + BS | BR + CL + AR + UY + PY + US + CL + others | BR | BR + CL + AR + CO + PE + MX + US + UK + LU | BR + MX + CO |
| Distinctive | 1955 Banco Safra founding by Joseph Safra in São Paulo (Safra family banking dynasty post-Aleppo Syria origin); 1971 Banco Safra incorporation; 2018 Banco Safra Conta Digital launch; 2020 AgZero neobank launch; Jun 2025 consolidated net equity R$19.4B; SafraWallet QR code cash withdrawals at 23,000+ ATMs distinctive Brazilian ATM QR cardless cash withdrawal; International Safra Group ecosystem: Safra National Bank of New York + Bank J. Safra Sarasin Switzerland + J. Safra Sarasin Luxembourg + Cayman Islands + Bahamas | 1944 Itaú founding; 1995 Unibanco-Itaú renaming; 2008 Itaú-Unibanco merger; Jul 2024 Itaú Superapp launch | 1943 Bradesco founding | 1983 Pactual founding; 2008 BTG founding by André Esteves; 2010 BTG + Pactual merger; 2012 BTG Pactual B3 IPO; Early 2021 BTG+ launch in Brazil after 8 months of development | 2013 Nubank founding by David Vélez + Cristina Junqueira + Edward Wible in São Paulo; Dec 9 2021 NYSE IPO; 2018 Nu Mexico launch; 2020 Nu Colombia launch |
Status
Active, Brazil's 7th largest banking institution + Safra family controlling + investment banking + private banking + asset management + retail banking via AgZero neobank + SafraWallet QR code cash withdrawals at 23,000+ ATMs + consolidated net equity R$19.4B Jun 2025 [1, 2, 3]:
- Banco Safra S.A. (privately-held; Safra family controlling; Brazil's 7th largest banking institution) since 1955 Banco Safra founding by Joseph Safra in São Paulo + 1971 Banco Safra incorporation + 2018 Banco Safra Conta Digital launch + 2020 AgZero neobank launch + Jun 2025 consolidated net equity R$19.4B + 2025 SafraWallet QR code cash withdrawals at 23,000+ ATMs.
- SafraWallet QR code cash withdrawals at 23,000+ ATMs.
- International Safra Group ecosystem: Safra National Bank of New York (US) + Bank J. Safra Sarasin (Switzerland; SIX: BJSS) + J. Safra Sarasin (Luxembourg) + Cayman Islands + Bahamas.
- BCB + CVM regulated.
Sources
- 1 Banco Safra — Wikipedia
- 2 Banco Safra rolls out SafraWallet in Brazil — ATM Marketplace
- 3 Digital Experience & Online Banking — Safra National Bank
- br-cro In-corpus:
reports/countries/BR-brazil.md
Source
Biography extracted from banco-safra.md. See matrix.md for standards-support matrix if present.