Atar Pay digital crypto account to be suspended; Know what to do
CriptoFácil – Atar Pay, a cryptocurrency-enabled digital account, announced in January that it would close its account services to individuals. According to the company, the accounts will be gradually deactivated until February 16th.
Atar, which was acquired by Porto (formerly Porto Seguro, BVMF 🙂 in 2021, reported that it will continue to focus on providing services to its corporate clients. That is, fintech will only stop Atar Pay services.
Atar Pay digital account has been closed
On January 16, the company finished the functions of creating an account, purchasing cards and bracelets, and depositing them via bank slip.
At the end of the month, on the 31st, card or wristband activation and charging services, as well as registration and Pix key generation, will be closed.
Finally, on February 16, the company will shut down mobile recharges, TEDs, internal transfers, and bill payments. On the same date, the Atar Pay app will be officially discontinued and removed from the app stores.
As explained by the company, customers who still have funds in their accounts need to withdraw them by February 16th.
“You can choose to transfer your reais to any other account or to your bank account in Porto Seguro via Pix in seconds,” said Atar.
Regarding the balance on the cards and the bracelet, Atar reported that the user has the option to use the balance before the end of the application. Or, if you prefer, you can request that the amount be reversed to your Atar Pay account via email or chat. Then transfer the balance to any other account.
Founded in 2016, Atar is a Payment Institution (IP) authorized to operate by the Central Bank of Brazil. The main purpose of fintech is to facilitate digital payments.
In October 2021, Porto Seguro purchased a 74.6% stake in Atar with the aim of establishing its operations in the financial products and services sector.
With the purchase, Atar became part of the Porto Group financial solutions system. Now, the company will close its account servicing, focusing on its business-to-business (B2B) services.