XP Enters Card Machines, Taking On Brazil’s Stone and Cielo

Brazil · Business Key Facts —XP’s card TPV in 2025. R$52.2 billion (US$10.3 billion), up 9% year over year. —Active cards. 1.5 million in the fourth quarter of 2025, including 1 million credit cards. —Total client assets. R$1.5 trillion (US$295.9 billion) at the end of 2025. —Client base. 4 million clients, with a goal of…