World Cards Intelligence report on the Brazilian card market
Publicado em 22 de Fevereiro de 2010 - brazil, credit cards, payment industry, en
[Ese artigo está também disponivel em Português]
World Cards Intelligence (WCI) is a research report by the Lafferty Group on the payments market in over 65 countries. Below are some of the highlights about the Brazilian payment market.
- As the largest and most densely populated country in Latin America, Brazil should be a key market for any internationally ambitious credit card issuer, although competition is fierce and the market is dominated by five players. The combined share of the top-five bank issuers has grown consistently to 85 percent of all bank credit cards in issue. For international players to succeed in the market, they need a highly-focused strategy via joint ventures with a high-profile partner, or to conduct large-scale acquisitions.
- The Brazilian credit cards market continues to grow at a very healthy rate, with significant growth potential from the remaining u…
The Decade’s 12 Greatest Developments in Payments
Publicado em 31 de Dezembro de 2009 - payment industry, credit card processing, magnetic card, en
[Ese artigo está também disponivel em Português]
The last two weeks the site PYMNTS has featured an article series on the The Decade’s 12 Greatest Developments in Payments. It is not finished yet, it has been an interesting read. Although there is a lot of focus on the American market, there are some trivia and good insights for all.
Our picks in the series: Magstripe and Credit card processing
As it will be a long weekend the whole series can probably get you through!
See you in 2010!
Can deregulation of the Brazilian credit card industry spice things up?
Publicado em 18 de Dezembro de 2009 - credit cards, payment industry, en, brazil
[Ese artigo está também disponivel em Português]
Regulatory measures by the Brazilian government top open up the credit card industry already seem to attract other big players to the market. Currently Cielo (formerly VisaNet) and Redecard still have a combined market share of over 90%, but the entrance of various new companies indicates that there is in fact money to be made.
Redecard and Cielo, Brazilian affiliates of respectively Mastercard and Visa are being pressured to separate their various business units such as their card processing and acquiring services. Besides increasing the competition in this market another objective of the government is to create more transparent tariffs. One of the results would be that the companies are forced to share networks and POS terminals.
One of the players that face the task of breaking this quasi-duopoly is First Data, the worlds largest cre…
