Elo (card association)
Elo is a Brazilian card association founded in 2011 by a holding company formed by three financial services companies: Banco Bradesco, Banco do Brasil, and Caixa Econômica Federal.[1]
 | |
| Industry | Financial services |
|---|---|
Area served | Brazil |
| Members | over 120 million |
| Website | www.elo.com.br |
Elo offers financial services, including credit card, debit card, and prepaid card issuing and network processing. The network accepts transactions denominated in Brazilian real. As of March 2019, Elo has issued over 120 million cards. Since 2016, Elo cards have been accepted in the United States on the Discover Card network.[2]
References
- "Comunicado ao Mercado: Bandeira Elo". 2012-04-17. Retrieved 2017-12-13.
- Brazil’s Elo Card Makes First Transaction Outside Of Country (pymnts.com)
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