# Banco BMG

> Source: https://docs.barcoder.ai/docs/wallets/bmg-brasil
> research date 2026-06-01 · extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [BMG — official](https://www.bancobmg.com.br/)

## Key details

- **Launch:** 1930

## Overview

**Banco BMG** is **Brazilian commercial bank** + **B3: BMGB4** + **Guimarães family Brazilian founding family + Brazilian retail + institutional + foreign investors free float** + **one of Brazil's mid-sized commercial banks specialising in payroll loans + digital banking** + **founded 1930 in Belo Horizonte Minas Gerais Brazil as Banco de Minas Gerais by Antônio Mourão Guimarães then 1998 Banco BMG rebrand** <sup>[1][1], [Brazil report](https://docs.barcoder.ai/docs/payments/BR)</sup>.

## History

**1930 — Banco de Minas Gerais founded in Belo Horizonte Minas Gerais Brazil by Antônio Mourão Guimarães as Minas Gerais regional commercial bank**.

**1998 — Banco BMG rebrand consolidating Banco de Minas Gerais specialising in Brazilian payroll loans consignado**.

**Oct 2019 — Banco BMG IPO on B3 Brazilian Stock Exchange B3: BMGB4**.

**2014 — Banco BMG Mobile banking app launch**.

## Ownership & operator

**Operating entity**: **Banco BMG SA** (Brazilian commercial bank; B3: BMGB4).

**Major shareholders**: **Guimarães family (Brazilian founding family) + Brazilian retail + institutional + foreign investors free float**.

**Regulators**: **Banco Central do Brasil BCB**.

## Technical integration

Banco BMG Mobile app (iOS + Android) + bancobmg.com.br online + Banco BMG branch network across Brazil (payroll loans consignado + digital banking specialty) + BMG Visa + Mastercard + Elo cards; PIX (Brazilian national instant payments) + Elo Brazilian national card scheme + Brazilian Real BRL domestic transfers.

## Implementations & partners

**Major Brazilian banking + payments competitors**: [Itau Unibanco](https://docs.barcoder.ai/docs/wallets/banco-itau) (Itaú Unibanco; B3: ITUB4 NYSE: ITUB) + [Banco Bradesco](https://docs.barcoder.ai/docs/wallets/bradesco-brasil) (Banco Bradesco; B3: BBDC4 NYSE: BBD) + [Banco do Brasil (BB App)](https://docs.barcoder.ai/docs/wallets/banco-do-brasil) (Banco do Brasil; B3: BBAS3) + [Nubank](https://docs.barcoder.ai/docs/wallets/nubank) (Nubank; NYSE: NU) + [Banco Inter (Inter&Co)](https://docs.barcoder.ai/docs/wallets/banco-inter) (Banco Inter; B3: INBR32) + [Banco Pan](https://docs.barcoder.ai/docs/wallets/banco-pan) (Banco PAN; B3: BPAN4) + [Banco BV (Votorantim)](https://docs.barcoder.ai/docs/wallets/banco-bv) (Banco BV; Brazilian commercial bank) + [Pix](https://docs.barcoder.ai/docs/standards/pix) (PIX Brazilian national instant payments).

**Regulators**: Banco Central do Brasil BCB.

## Status

**Active, Brazilian commercial bank + B3:BMGB4 + Guimarães family Brazilian founding family + Brazilian retail + institutional + foreign investors free float + one of Brazil's mid-sized commercial banks specialising in payroll loans + digital banking + founded 1930 in Belo Horizonte Minas Gerais Brazil as Banco de Minas Gerais by Antônio Mourão Guimarães then 1998 Banco BMG rebrand** <sup>[1][1], [2][2]</sup>.

## Sources

[1]: https://www.bancobmg.com.br/ "BMG — official"
[2]: https://en.wikipedia.org/wiki/Banco_BMG "BMG — Wikipedia"
[br-cro]: https://docs.barcoder.ai/docs/payments/BR

- [1] [BMG — official][1]
- [2] [BMG — Wikipedia][2]
- <sup>[Brazil report](https://docs.barcoder.ai/docs/payments/BR)</sup> In-corpus: `reports/countries/BR-brazil.md`

## Source

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