Miles redemptions rise 15.6% in the 1st quarter and BTG launches tool to use them in operations
According to Money Times, Brazilians used 250.1 billion in points and miles between January and March, while BTG Pactual launched a new conversion mechanism.
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM MONEY TIMES · 2 MIN
According to a survey by Abemf, an entity in the loyalty program sector cited by Money Times, Brazilians used 250.1 billion in points and miles between January and March 2026. The volume grew 15.6% compared to the same period in 2025. In this context, BTG Pactual launched a tool that transforms miles into money for operations, something that brings these programs closer to the financial market.
The bank's proposal is to transform miles into resources for operations, according to Money Times. The facts found do not provide details about the rules, costs or limits of this conversion, and therefore the analysis is restricted to the central idea of the product.
On the other hand, on Tuesday (3), BTG Pactual announced the arrival of the PIC Account, whose acronym stands for Private Investment Company. According to Seu Dinheiro, the product expands the bank's International Accounts and is intended for holding companies for personal or family use.
The initiative targets families with high purchasing power who want to invest resources outside the country using corporate wealth management structures, according to the same report. This is a public that tends to have structured assets and demands tailored solutions, which explains the interest of institutions in competing for them.
What is at stake is the fight for higher-income customers, in which the offer of products abroad and tools that allocate points and miles can work as a differentiator. For the reader of The X-Trader News, the movement expands the range of financial options available, which, in the liberal view of this newspaper, tends to benefit those who invest.
What changes for the investor
In reading this essay, the main effect is to expand the alternatives for those who invest, both to give new use to accumulated miles and to structure assets outside the country. If the tool gains scale, there may be more competition between institutions for high-income clients. The facts found do not provide any indication of the impact on shares, interest rates or the dollar, and this article does not make predictions in this regard. Those who evaluate these options must compare costs, taxation and rules for each product before deciding.
Automatically translated from Portuguese.
