The Popular Credit Card in Brazil
Elo is one of the major domestic debit and credit card brands of Brazil that can be used for online purchases.
More than 50 million Elo cards have been issued.
Elo results from a partnership of three of the largest banks in Brazil: Banco do Brasil, Bradesco, and CAIXA. The Elo brand supports credit, debit, and prepaid card transactions. The Elo credit card supports so-called "installments" that allow the shopper to spread their payments for online purchases over a certain period of time.
How Elo Works
Local Credit / Debit Card
Upon purchase, the consumer selects Elo as a payment method and enters the card details to confirm the payment.