Cards
Elo
Brazilian domestic scheme accepted alongside Visa and Mastercard; strong penetration in issuing but limited cross-border reach.
Related terms
Pix
Brazilian instant-payment scheme operated by the central bank; free for consumers, low-cost for merchants, and dominant in Brazilian ecommerce since 2022.
Card scheme
The network operating a card brand's rules, interchange, and settlement (Visa, Mastercard, American Express, Discover, JCB, UnionPay).
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