E-commerce in Brazil is set to grow by 15% in 2016 despite the economic recession affecting the country and the overall e-commerce market size for Brazil is $23 billion—three times that of Mexico, the second-largest e-commerce market in Latin America. Americas Market Intelligence found while Brazil accounts for 60% of all e-commerce in Latin America,…
Citi has reached a definitive agreement to sell its consumer banking business in Brazil to Itaú Unibanco/ The sale constitutes approximately US$2.8 billion in assets for Citi in Brazil and includes credit cards, personal loans and deposit accounts, as well as Citi Brazil’s retail brokerage business. Citi’s consumer banking operations in Brazil will continue to…
Novel applications and value-added services such as management platforms are expected to restore the average revenue per line (ARPL) in the Brazilian machine-to-machine (M2M) market. Revenue growth had slowed down during a period of intense competition and aggressive pricing, but the emergence of new applications requiring ubiquitous connectivity and higher value 3G/4G services are giving…
Brazilian banks face the challenge of competing with companies that are different from their traditional and sometimes rigid business models. To reinforce their footprints on the space, some banks have acquired or created partnership, incorporating local commercial banks that have moved to digital banking and online payments in recent years. Brazil’s large banks will have…
Based on Gross Dollar Volume (GDV) debit cards hold a 64.6% share in the Brazilian payment card market while credit cards had 35.4% share. According to P&S Market Research’s Brazil Cards and Payments Market – Size, Share, Development, Growth and Forecast to 2020, the debit cards dominant share is likely to remain stable through 2020.…
Visa has introduced the first payment wearable ring backed by a Visa account for use at the Rio 2016 Games. The Visa payment ring will be given to all Team Visa athletes in Rio, a group of 45 Olympic hopefuls from around the world who embody Visa’s values of acceptance, partnership and innovation. The Visa…
UOL BoaCompra, a specialist in digital goods payments throughout Latin America, is expanding into Chile. The company now offers 18 additional local payment methods including the company’s own currency, BoaCompra GOLD, Redcompra, Servipag.com and Khipu (online bank transfers), enabling international game companies to access a rapidly growing online population in Chile. UOL BoaCompra’s portfolio of localized payment options…
FleetCor Technologies has inked a definitive agreement to acquire Serviços e Tecnologia de Pagamentos (STP), from a shareholder group including concessionaires CCR and Arteris, Raizen Combustiveis (a joint venture between Shell and Cosan), and others, for approximately $1.05 billion. STP, which operates under the brand Sem Parar, is Brazil’s leading electronic toll payments company, with…
On a non-currency adjusted basis, Purchase Dollar Volume (PDV) in the Latin America Caribbean (LAC) region for Visa and MasterCard payment cards declined 19% Year-on-Year (YOY) in 3Q/15.
Companhia Brasileira De Servicos De Marketing, operator of Brazil’s dotz loyalty program, in which Alliance Data System’s LoyaltyOne holds a sizeable equity stake, has expanded into the metropolitan area of Rio de Janeiro, with a population of 6.3 million and the second-largest city in Brazil.
Visa Checkout in Brazil is real. The first merchant to offer Visa Checkout is Futebolcard, the Brazilian service which allows soccer fans to purchase tickets for games in 12 different stadiums.
CardWeb.com’s CardPixes database of more than 7,000 images today features the Citi ThankYou Preferred MasterCard.