Among the emerging markets, Brazil has one of the most technologically advanced credit card industries. Compared to developed nations like the United States, however, this industry of Brazil is ...

From the beaches of Rio de Janeiro to distant corners of the Amazon jungle, Pix is an essential feature of everyday life. The payment tool, mostly used on mobile phones, has brought more than 70mn ...

In just three years, Brazil's hugely popular Pix payment system has become the country's favorite way to pay, replacing cash and wire transfers in many cases and now threatening the dominance of ...

Brazil's instant payment system Pix is seen surpassing credit cards as the leader in the local online purchase market as soon as next year, earlier than initially expected, a new study from ...

Brazil's top credit information bureaus estimate that as of April, more than 55 million Brazilians were behind on paying off credit cards or loans. That's 37 percent of the adult population in a ...

Brazil’s four largest banks control 63 percent of the credit card market, according to the Central Bank. In 2022, they enjoyed their most profitable year yet — giving them little incentive to ...

BRASILIA, April 17 (Reuters) - Brazilian Finance Minister Fernando Haddad said on Monday the government is going to announce this week measures to improve credit conditions in the country ...

In Brazil, credit has soared in the last 10 years and helped power the nation through the financial crisis, but high interest rates have led to climbing defaults. Credit-card binge leaves many ...

SAO PAULO (Dow Jones)--Brazilian credit-card networking services providerRedecard SA (RDCD3.BR) and its controlling shareholders raised 4.64 billionBrazilian reals ( $2.44 billion) from its initial ...

The company was responsible for processing every Visa credit and debit card transaction in Brazil. That was until July 2010, when new bank regulations introduced multi-brand rules for the country.

The outlook for credit cards did not change much from the previous study, with both predicting a decline from the 49% share of the e-commerce market they had in 2023. Still, Etcheverry does not ...