Process credit card payments as a local in Brazil.
As online shopping grows in Brazil, global brands are exploring, even more, all the opportunities and intricacies of this potential market. Having a local payment strategy is essential to succeed in the country since most Brazilians don't have access to credit, much less to international credit cards, enabled to process foreign currencies, for instance.
There are more than 98 million active credit cards in Brazil, and usage has been growing steadily over the last couple of years. Mastercard and Visa still dominate the market, but local credit card schemes have been gaining substantial market share.
With local acquiring, the credit card approval rate increases significantly. Through a partnership with the major Brazilian acquirers, EBANX allows your store to accept all of the card networks available on the Brazilian market, whether they are international or domestic.