The club was founded on 2 January 1921, by sportsmen from the Italian colony of Belo Horizonte as Societ Sportiva Palestra Itlia. As a result of the Second World War, the Brazilian federal government banned the use of any symbols referring to the Axis powers in 1942.

PicPay: exclusively used in Brazil, PicPay has a 55 million user base, and it is a popular wallet for P2P (Pay to Play) and QR code payments in physical stores.

What is PicPay? PicPay is a solution for companies to receive payments remotely and directly via cell phone, using fast, secure transactions.