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Tag: Debit

Caixa announced the reduction of interest rates on credit cards, Rio de Janeiro, Brazil, Brazil News

Caixa Announces Reduction of Interest Rate on Credit Cards

Contributing Reporter -
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - Caixa Econômica Federal, the second largest government-owned financial institution in Latin America, announced yesterday (April 11th) the reduction of interest rates on credit cards, which now ranges from 8 to...
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Paying by card, photo by Worradmu.

Brazil Card Payments Up 23 Percent

Contributing Reporter -
By Ben Tavener, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Brazil’s card market in 2011 is poised to grow by some 23 percent year-on-year, with payments by credit, debit and store cards set to reach R$667 billion (US$370 billion), according...
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