The Brazilian E-commerce Market And The Hassle Of International Payments
The Brazilian E-commerce Market And The Hassle Of International Payments We are now in the third decade of the 21st century. E-commerce continues its inexorable advance towards total commercial dominion. Worldwide, e-Commerce will have sales in excess of 3.9 trillion dollars in 2020 and more than 6 trillion by 2022. Given the sheer size of […]
Everything You Need To Know About Installment Payment Plans (Parcelado) in Brazil
Installment payments across the world have long been a payment option for consumers to pay for goods offering buyers a more affordable way to shop. Brazil is no different, where for decades credit card use, and the ‘buy now, pay later’ mantra, has been a key part of the country’s economy. In fact, Brazil even […]
Doing Business in Brazil: What you need to know about taxes
Expanding your business into Brazil should be an exciting undertaking, and it definitely will be. As the largest market in Latin America, it’s bound to provide you with hundreds of millions of potential new customers and that’s not something you want to miss out on, right? But if you’re going to start doing business there […]
How can adopting Boleto Bancário expand your business?
Have you heard of Boleto Bancário? Chances are if you are based in the United States or Europe then you might not have, but since its launch in 1993, it has grown to now account for around 15% of all payments in Brazil. This means there are billions of transactions being made annually by consumers […]
Credit Cards in Brazil: Local vs. International Cards
In our line of work, cross-border payments processing, we talk a lot about the benefits of accepting local credit cards in LATAM – particularly in countries like Brazil, where only 6.5% of the population has access to international cards. But this begs the question: What is exactly the difference between a local and international card? […]
The Brazilian Payments Landscape: General Overview
Brazil remains a favorite destination for companies looking into international expansion. Although small in comparison to other markets, Brazil is the 10th largest e-commerce market in the world, reaching USD 13 billion in revenues in 2018. This makes it the largest online market in Latin America, representing over 40% of the region’s e-commerce sales – […]
PIX – Why Brazil’s new payment system will replace boleto
The Central Bank of Brazil (BCB) announced a new payment system called PIX, intended to replace not only bank transfers and debit card payments, but also the outdated and current de facto standard form of payment: boleto bancário. PIX is set to become the new default infrastructure for companies and individuals in Brazil to transfer money and pay for goods and services.