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
-
Mastercard launches A2A Protect to boost safety in UK account-to-account payments
-
Nottingham Building Society appoints Russ Thornton as new CTO
-
Mexico’s competition regulator says 21 financial institutions could be ‘fixing fees’
-
New Zealand looks to cut surcharges on in-store card payments by 2026
-
Mastercard launches AI-powered card design tool in industry first
-
PayPal to create 100 data science jobs at Dublin office
Data trust in the AI era: Building customer confidence through responsible banking
In the second episode of FStech’s three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech examines the critical relationship between data trust, transparency, and responsible AI implementation in financial services.
Banking's GenAI evolution: Beyond the hype, building the future
In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.
Beyond compliance: Transforming document management into a strategic advantage for financial institutions
In this exclusive fireside chat, John Rockliffe, Pre-Sales Manager at d.velop, discusses the findings of Adapting to a Digital-Native World: Financial Services Document Management Beyond 2025 and explores how FSIs can turn document workflows into a competitive advantage.
Sanctions evasion in an era of conflict: Optimising KYC and monitoring to tackle crime
The ongoing war in Ukraine and resulting sanctions on Russia, and the continuing geopolitical tensions have resulted in an unprecedented increase in parties added to sanctions lists.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories