Elo, the largest Brazilian credit card brand, has inked a del with Discover to allow acceptance of Elo Global Cards for international purchases and cash access outside of Brazil on the Discover Global Network, which includes Discover Network, Diners Club International and the PULSE network.
The agreement will focus initially on enabling Elo Global Cards to have acceptance in more than 185 countries and territories via the Discover Global Network, the third-largest payments network in the world. Elo and Discover also will collaborate on the integration of Discover’s EMV solution, D-PAS, to help ensure safe international transactions and continue to work together on new emerging payment products in the future. Elo will continue to use its own proprietary application for domestic transactions.
Discover’s expansive global network includes relationships with partners around the globe including alliance arrangements in China, India, Japan, the Middle East, Puerto Rico, Serbia, South Korea, Vietnam, Europe and others.
Elo was founded by three of Brazil’s top banks: Banco do Brasil, Bradesco and Caixa.
Elo is the first credit card brand 100 percent Brazilian. The company was officially launched in 2011 and is the result of a partnership of three of largest banks in the country (Banco do Brasil, Bradesco and Caixa). In order to be a robust and comprehensive brand, Elo offers a wide variety of products and services intended for all audiences, in credit, debit, prepaid and benefits.
Elo has already issued more than 80 million cards and is accepted throughout the national territory, in more than 1.65 million establishments.
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