Financial inclusion and increased connectivity have made Brazil stand out in the e-commerce market
Brazil has the largest online population in Latin America, with 150M* Brazilians connected and 68%* owning a smartphone.
Today, Brazil is the largest Fintech hub in Latin America, which is driven by strong growth in the digital banking segments. People now have more access to financial services due to the fintech boom.
There are about 48M* unbanked Brazilians. This part of the population moves nearly 204B USD* of the country’s economy per year.
Brazilian e-commerce has gained 4M* new customers during the COVID-19 pandemic.
The desire for new trending products or services that are not commonly found in Brazil makes Brazilian consumers fans of international brands.
Get the most out of the Brazilian market with a local payment solution
Although credit cards are becoming more common among Brazilian online shoppers, alternative payments are still widely used. With a local payment strategy, you bring your business closer to the customers by giving them the payment methods that they are familiar with.
E-commerce transactions by payment methods in 2019
Available with local payment processing.
Available with international payment processing.
Source: AMI datapack, 2020.
Brazil has a cash-centric culture, and Boleto has been historically used by the Brazilian population to pay for monthly bills, taxes, and also e-commerce purchases. Reach the unbanked population and also those whose preference is Boleto out of habit.Discover more about Boleto Bancário
Local Credit Cards
The usage of credit cards has been growing. Although, internationally-enabled credit cards make up only 24% of e-commerce transactions. Start to accept both international and domestic cards and increase your conversions.Discover more about credit and debit cards
Local Debit Cards
A debit card is a common payment method in Brazil. Today, there are 116M active debit cards in the country, with 664B reais spent with this method in 2019. Accept debit cards to reach a new consumer base and optimize your revenue in Brazil.Discover more about debit cards
Brazilians have the habit of splitting the total amount of a purchase made with a credit card in up to 12 monthly payments. Allow your customers to make higher-value purchases and increase your average ticket size.Discover more about installments
Brazil has several ways to pay online beyond credit cards. Bank Transfer and Online Debit are two effective payment options. Allow consumers to use their usual bank account to make an instant payment without the risk of chargeback for you.
Get the broadest reach with local payment methods
More people have access to the Internet, which is driving the growth of streaming, video, and audio services in Brazil. Accept recurring payments in local currency and optimize your revenue.
Tokenization allows your website or application to perform recurring payments - without the need for consumers to input their card information every billing cycle. Our payment solution is tailored for Latin America and accommodates diverse subscription models available in the market to support the needs of your company.
Increase your customer base.
Reduce churn with automatic recurring billing.
Boost payment acceptance in a safe way.
Localized customer experience with payment transparency.
Pay Brazilian suppliers and gig workers simply and securely, in the way they want to be paid. EBANX Payout manages regulation, compliance, taxes, and local connections to make this payment process smooth for you and to your Brazilian partners.
Payment of taxes and labor costs are not included in the payout solution.
Pay your Brazilian local suppliers in compliance with local rules and regulations.
A seamless experience for you to send the money and for your payee to receive it.
Your local partner receives their payment in up to 3 business days.
You can choose the best exchange rate to send the money to your peer between USD and BRL.