Brazilian challenger bank Nubank has indirectly told off some of its clients for trying to trick the system.
The FinTech firm has reportedly found out that some customers were using digital wallet apps where the bank is registered to pay the Nubank bills, Our Bitcoin News reported.
Now Nubank is discouraging its customers from using digital wallets this way as it could cause them worse headaches down the line.
“Using the card to pay for your own bill or for deposits at NuConta may end up causing a problem for the customer – rolling the debt can make a snowball hard to fight,” the bank said.
Nubank also warned that customers might see themselves blocked or have their services cancelled if they are found out.
The challenger bank is one of the great success stories of Latin America, with the region’s FinTech sector slowly coming into its own.
This summer, Nubank raised $400m in a new funding round that reportedly pushed its valuation past the $10bn mark.
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