Fernando Garita CBO and Board Member MWPay Group Expansion
The payments ecosystem and the regulated sector in Latin America have received a high-impact strategic announcement with the incorporation of Fernando Garita into the MWPay Group. The executive, widely recognized for his trajectory leading complex markets in the region, assumes the role of Chief Business Officer (CBO) and Board Member of MW Instituição de Pagamentos. This move comes at a crucial time for the Brazilian market, where the convergence between secure payment solutions and regulated industries, such as iGaming and sports betting, demands solid governance and a long-term commercial vision.
MW Instituição de Pagamentos is an entity regulated by the Central Bank of Brazil (BACEN), operating as an electronic money issuer, Payment Institution (IP), Payment Transaction Initiator (ITP), and Post-paid Payment Instrument Issuer (EIPP). Garita's arrival reinforces the company's commitment to innovation and sustainable development, bringing his vast experience to strengthen strategic alliances and position MWPay as the preferred partner for companies seeking to operate under the highest standards of compliance and transparency in the South American giant.
In parallel with his new responsibilities at MWPay, Fernando Garita will maintain his position as Managing Director and Co-Founder of KABATA GROUP. From this firm, he will continue to lead market entry and expansion strategies in Latin America for operators, fintechs, and companies in the regulated sector, creating a natural synergy between high-level strategic consulting and the execution of robust payment solutions offered by the Brazilian group. This duality of roles will allow Garita to offer a 360-degree view of the needs of international operators seeking to establish themselves in emerging and highly regulated markets.
The incorporation of a profile with Garita's background is a clear message from the MWPay Group to the market: the priority is legal certainty and operational efficiency. In his own words, this new challenge will focus on strategic positioning within the regional financial ecosystem, leveraging the infrastructure already validated by BACEN to offer services that not only facilitate transactions but also act as a growth engine for companies that trust their technology. With this appointment, MWPay consolidates itself as a fundamental player in Brazil's payment infrastructure, integrating elite talent to navigate the regulatory challenges of 2026.
Tags: Brazil, Brazil payments, Fernando Garita, MWPay Group MWPay, MW Payment Institution