Singapore's Shopee authorised to operate as payment institution in Brazil

Singapore's Shopee authorised to operate as payment institution in Brazil

The Shopee app, Garena Interactive Holding Ltd.'s mobile marketplace, is displayed on the smartphone of an employee at the company's headquarters in Singapore, on Thursday, Aug. 25, 2016. Photographer: Nicky Loh/Bloomberg

The Singaporean shopping app Shopee, owned by Sea Ltd, received an authorisation on Monday from Brazil’s central bank to operate as a payment institution, according to a notice in the government’s official gazette.