Elo is a Brazilian national
financial services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, acco ...
corporation headquartered in
Barueri
Barueri ( or ) is a Brazilian municipality in the State of São Paulo located in the northwestern part of the Metropolitan Region of São Paulo. The population is 276,982 (2020 est.) in an area of .
Its boundaries are Santana de Parnaíba to th ...
,
São Paulo
São Paulo (, ; Portuguese for 'Saint Paul') is the most populous city in Brazil, and is the capital of the state of São Paulo, the most populous and wealthiest Brazilian state, located in the country's Southeast Region. Listed by the GaWC a ...
, Brazil. Founded in 2011 by a holding company formed by three financial services companies:
Banco Bradesco
Banco Bradesco S.A. is a Brazilian financial services company headquartered in Osasco, in the state of São Paulo, Brazil. It is the third largest banking institution in Brazil, as well as the third largest in Latin America, and the seventy-nint ...
,
Banco do Brasil
Banco do Brasil S.A. ( en, Bank of Brazil) is a Brazilian financial services company headquartered in Brasília, Brazil. The oldest bank in Brazil, and among the oldest banks in continuous operation in the world, it was founded by John VI, King ...
, and
Caixa Econômica Federal
Caixa Econômica Federal (, ''Federal Savings Bank''), also referred to as Caixa, is a state-owned Brazilian financial services company headquartered in Brasília, Brazil. It is the fourth largest banking institution in Brazil, as well as the ...
.
Elo offers financial services, including
credit card
A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's accrued debt (i.e., promise to the card issuer to pay them for the amounts plus the o ...
,
debit card
A debit card, also known as a check card or bank card is a payment card that can be used in place of cash to make purchases. The term '' plastic card'' includes the above and as an identity document. These are similar to a credit card, but u ...
, and
prepaid card issuing and network processing. The network accepts transactions denominated in
Brazilian real
The Brazilian real (plural, pl. '; currency symbol, sign: R$; ISO 4217, code: BRL) is the official currency of Brazil. It is subdivided into 100 centavos. The Central Bank of Brazil is the central bank and the issuing authority. The real repl ...
. As of March 2019, Elo has issued over 120 million cards. Since 2016, Elo cards have been accepted globally on the
Discover
Discover may refer to:
Art, entertainment, and media
* ''Discover'' (album), a Cactus Jack album
* ''Discover'' (magazine), an American science magazine
Businesses and brands
* DISCover, the ''Digital Interactive Systems Corporation''
* Di ...
/
Diners Club
A diner is a small, inexpensive restaurant found across the United States, as well as in Canada and parts of Western Europe. Diners offer a wide range of foods, mostly American cuisine, a casual atmosphere, and, characteristically, a comb ...
network.
Brazil’s Elo Card Makes First Transaction Outside Of Country
(pymnts.com)
References
External links
*
{{Brazil-company-stub
Companies of Brazil
Credit cards
Debit cards
Credit card issuer associations