SAO PAULO, Sept 14 (Reuters) - Brazil's second largest
private-sector lender, Banco Bradesco SA, has
launched a subsidiary named BITZ to offer individuals digital
payment accounts, according to a securities filing on Monday.
The bank said it is mainly aimed at people who do not have a
bank account, offering a new digital checking account which will
allow clients to store and transfer money, make payments and
Brazilian payments processor Cielo SA CIEL3.SA> said in a
separate securities filing it will provide BITZ with technology
Around one-third of Brazilians do not have a bank account,
one of the highest ratios in the world.
(Reporting by Carolina Mandl; editing by Jonathan Oatis)