Amazon will launch a credit card in Brazil with local lender Banco Bradesco, according to the bank’s chief executive.
Banco Bradesco boss Octavio de Lazari Junior has said that the card will launch next Tuesday, with Banco Bradesco to manage the card’s credit risk and the card itself to be powered by Mastercard. Further details on loyalty rewards and credit limits are expected to be revealed at the launch.
This would not be the first time that Amazon has launched a credit card. It offers a credit card in the US in partnership with JPMorgan Chase. Elsewhere, in the UK in June Amazon partnered with embedded finance provider YouLend to launch a flexible financing programme for UK SMBs.
In a note, Amazon Brazil country manager Daniel Mazini said that the company is "looking for opportunities" to exploit in the market that can improve the retail experience of their customer.
Brazil’s central bank last week voted to cut its benchmark interest rate by 50 basis points to 13.25 per cent at a time when the country’s interest rate is starting to head downward. The government is also looking to boost consumption via programmes.
Latest News
-
UK regulators launch inquiry into Big Tech digital wallets
-
Citi taps Barclays for new commercial head
-
Santander launches digital sign language service
-
Anne Boden steps down from Starling board to 'develop AI business'
-
NatWest payments arm partners with JD Wetherspoon
-
Government stake in NatWest drops below 20 per cent
Safeguarding economies: DNFBPs' role in AML and CTF compliance explained
Join FStech editor Jonathan Easton, NICE Actimize's Adam McLaughlin and Graham Mackenzie of the Law Society of Scotland as they look at the role Designated Non-Financial Businesses and Professions (DNFBPs) play in the financial sector, and the challenges they face in complying with anti-money laundering and counter-terrorist financing regulations.
Ransomware and beyond: Enhancing cyber threat awareness in the financial sector
Join FStech editor Jonathan Easton and Proofpoint cybersecurity strategist Matt Cooke as they discuss the findings of the State of the Phish 2023 report, diving into key topics such as awareness of cyber threats, the sophisticated techniques being used by criminals to target the financial sector, and how financial institutions can take a proactive approach to educating both their employees and their customers.
Click here to read the 2023 State of the Phish report from Proofpoint.
Click here to read the 2023 State of the Phish report from Proofpoint.
Cracking down on fraud
In this webinar a panel of expert speakers explored the ways in which high-volume PSPs and FinTechs are preventing fraud while providing a seamless customer experience.
Future of Planning, Budgeting, Forecasting, and Reporting
Sage Intacct is excited to present FSN The Modern Finance Forum’s “Future of Planning, Budgeting, Forecasting, and Reporting Global Survey 2022” results. With participation from 450 companies around the globe, the survey results highlight how organisations are developing their core financial processes by 2030.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories