# Banco Safra (Conta Digital + SafraWallet + AgZero)

> Source: https://docs.barcoder.ai/docs/wallets/banco-safra
> research date 2026-05-30 · extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Banco Safra — official](https://www.safra.com.br/)

## 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** <sup>[1][1], [2][2], [Brazil report](https://docs.barcoder.ai/docs/payments/BR)</sup>. **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** <sup>[1][1], [2][2]</sup>.

**2025 — SafraWallet QR code cash withdrawals at 23,000+ ATMs** <sup>[3][3]</sup>.

## 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**: [Itau Unibanco](https://docs.barcoder.ai/docs/wallets/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 (Banco Bradesco)](https://docs.barcoder.ai/docs/wallets/bradesco) (Brazil's second-largest private bank by assets; B3: BBDC4; NYSE: BBD) + [Santander Brasil](https://docs.barcoder.ai/docs/wallets/santander-brasil) (Banco Santander Brasil; 19M+ digital banking customers) + [Banco do Brasil (BB App)](https://docs.barcoder.ai/docs/wallets/banco-do-brasil) (Brazil's largest bank by assets; B3: BBAS3; state-controlled) + [Caixa Tem (Caixa Econômica Federal)](https://docs.barcoder.ai/docs/wallets/caixa-tem) (Caixa Econômica Federal mobile banking; Brazil's #2 bank by assets; state-controlled) + [Nubank](https://docs.barcoder.ai/docs/wallets/nubank) (Brazil's largest neobank; NYSE: NU; 131M+ customers) + [C6 Bank](https://docs.barcoder.ai/docs/wallets/c6-bank) (Brazilian digital bank + JPMorgan ~46% stake; B3: C6BB34) + [Banco Inter (Inter&Co)](https://docs.barcoder.ai/docs/wallets/banco-inter) (Brazilian digital bank; B3: INBR32; NASDAQ: INTR) + [Banco Original](https://docs.barcoder.ai/docs/wallets/banco-original) (Brazilian digital bank) + [PicPay](https://docs.barcoder.ai/docs/wallets/picpay) (Brazilian fintech super app; NASDAQ: PICS post-Jan 29 2026 IPO; 66M+ customer accounts + 42M quarterly active users Q3 2025) + [BTG+ (BTG Pactual Banking)](https://docs.barcoder.ai/docs/wallets/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 | [Itau Unibanco](https://docs.barcoder.ai/docs/wallets/banco-itau) (Brazil's largest private bank by assets rival; Itaú Superapp) | [Bradesco (Banco Bradesco)](https://docs.barcoder.ai/docs/wallets/bradesco) (Brazil's second-largest private bank by assets rival) | [BTG+ (BTG Pactual Banking)](https://docs.barcoder.ai/docs/wallets/btg-pactual) (Latin America's largest investment bank rival; BTG+) | [Nubank](https://docs.barcoder.ai/docs/wallets/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** <sup>[1][1], [2][2], [3][3]</sup>:
- **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]: https://en.wikipedia.org/wiki/Banco_Safra "Banco Safra — Wikipedia"
[2]: https://www.atmmarketplace.com/news/banco-safra-rolls-out-safrawallet-in-brazil/ "Banco Safra rolls out SafraWallet in Brazil — ATM Marketplace"
[3]: https://www.safra.com/digital-experience "Digital Experience & Online Banking — Safra National Bank"
[br-cro]: https://docs.barcoder.ai/docs/payments/BR

- [1] [Banco Safra — Wikipedia][1]
- [2] [Banco Safra rolls out SafraWallet in Brazil — ATM Marketplace][2]
- [3] [Digital Experience & Online Banking — Safra National Bank][3]
- <sup>[Brazil report](https://docs.barcoder.ai/docs/payments/BR)</sup> In-corpus: `reports/countries/BR-brazil.md`

## Source

Biography extracted from [banco-safra.md](https://docs.barcoder.ai/source/wallets/banco-safra). See `matrix.md` for standards-support matrix if present.