Economic news

Amazon set to launch credit card in Brazil with Bradesco

2023.08.04 16:09


© Reuters. The logo of Amazon is seen on the company’s logistics centre in Boves, near Amiens, France, April 8, 2022. REUTERS/Christian Hartmann

SAO PAULO (Reuters) – Amazon.com (NASDAQ:) will launch a credit card offering in Brazil, in a partnership with Brazilian lender Banco Bradesco SA, the bank’s chief executive said on Friday, as the ecommerce giant pushes to expand its fintech offering.

The launch is set for next Tuesday, according to CEO Octavio de Lazari Junior, adding that the bank will manage the card’s credit risk, and the card will be powered by Mastercard (NYSE:).

More details, such as the card’s loyalty rewards and credit limits, are expected next week.

Amazon’s Brazil Country Manager, Daniel Mazini, said in a note that the company is always “looking for opportunities” to improve the shopping experience of customers in Brazil.

The credit card offers comes at a time the country sees its interest rate starting a downward cycle and government programs to boost consumption. Brazil’s central bank voted on Wednesday to cut its benchmark interest rate by 50 basis points to 13.25%.

Amazon also has a credit card offering in the U.S., where it partners with JPMorgan Chase (NYSE:).

Credit lines can serve as a potential growth avenues and are proving increasingly popular with non-financial services companies.

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 75,996.36 1.17%
vested-xor
Vested XOR (VXOR) $ 3,405.08 99,999.99%
ethereum
Ethereum (ETH) $ 2,907.57 3.21%
tether
Tether (USDT) $ 1.00 0.06%
solana
Solana (SOL) $ 199.45 5.68%
bnb
BNB (BNB) $ 598.45 0.54%
usd-coin
USDC (USDC) $ 1.00 0.02%
xrp
XRP (XRP) $ 0.547769 1.30%
dogecoin
Dogecoin (DOGE) $ 0.198185 2.82%
staked-ether
Lido Staked Ether (STETH) $ 2,906.51 3.21%
cardano
Cardano (ADA) $ 0.426321 15.12%
tron
TRON (TRX) $ 0.161072 0.07%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,445.21 3.60%
the-open-network
Toncoin (TON) $ 4.86 0.68%
shiba-inu
Shiba Inu (SHIB) $ 0.000019 1.10%
avalanche-2
Avalanche (AVAX) $ 27.48 1.45%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 75,964.35 1.48%
weth
WETH (WETH) $ 2,905.92 3.18%
chainlink
Chainlink (LINK) $ 12.74 3.58%
bitcoin-cash
Bitcoin Cash (BCH) $ 372.28 1.20%
sui
Sui (SUI) $ 2.28 1.29%
polkadot
Polkadot (DOT) $ 4.29 4.54%
leo-token
LEO Token (LEO) $ 6.35 3.16%
usds
USDS (USDS) $ 1.00 0.18%
litecoin
Litecoin (LTC) $ 71.04 0.20%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,059.75 3.24%
uniswap
Uniswap (UNI) $ 8.73 2.22%
near
NEAR Protocol (NEAR) $ 4.18 0.17%
aptos
Aptos (APT) $ 9.65 0.49%
pepe
Pepe (PEPE) $ 0.000011 3.93%
bittensor
Bittensor (TAO) $ 501.53 2.90%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.40 0.83%
internet-computer
Internet Computer (ICP) $ 7.70 1.25%
dai
Dai (DAI) $ 1.00 0.08%
monero
Monero (XMR) $ 165.12 1.58%
stellar
Stellar (XLM) $ 0.101345 3.37%
ethereum-classic
Ethereum Classic (ETC) $ 20.14 0.02%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.00%
whitebit
WhiteBIT Coin (WBT) $ 19.59 1.68%
kaspa
Kaspa (KAS) $ 0.112463 5.63%
crypto-com-chain
Cronos (CRO) $ 0.099916 16.19%
aave
Aave (AAVE) $ 180.75 1.50%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.344653 1.30%
blockstack
Stacks (STX) $ 1.64 2.16%
okb
OKB (OKB) $ 40.25 0.48%
first-digital-usd
First Digital USD (FDUSD) $ 1.00 0.06%
dogwifcoin
dogwifhat (WIF) $ 2.32 0.73%
arbitrum
Arbitrum (ARB) $ 0.571311 0.56%
filecoin
Filecoin (FIL) $ 3.71 0.92%
mantle
Mantle (MNT) $ 0.65454 2.84%