Certified payment providers 10
Market coverage 1
["Brazil"]
Brazil
Brazil
Currencies 1
- Brazil Real
Description
“Elo” is a Brazilian payment system that was created in 2011. It is a card payment system that allows Brazilian consumers to make purchases online or in-store.
Elo cards are issued by a consortium of three major Brazilian banks: Banco do Brasil, Bradesco, and CAIXA. The Elo payment system is also backed by payment processing company Elavon.
Elo cards are accepted at most commercial establishments in Brazil. They also offer benefits such as cashback, loyalty points, and exclusive offers for Elo cardholders.
The Elo payment system was developed in response to the need for a national payment system in Brazil that would not depend on international card networks such as Visa and Mastercard. The system is designed to be safe, convenient, and easy to use for Brazilian consumers.
In summary, Elo is a Brazilian card payment system that is widely accepted in the country. Elo cards are issued by a consortium of three major Brazilian banks and offer benefits such as cashback and loyalty points for cardholders.
