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Brazil's BRB, Cielo ink product partnership deal

BRB-Banco de Brasília SA said it struck a partnership agreement with card processor Cielo SA to "complement the portfolio of products offered by the bank to its corporate clients," according to a filing.

Under the agreement, BRB will now offer Cielo products to its clients, including payment solutions and information offered by the card processing company, the Agencia Brasilia news service reported, citing Cielo CEO Paulo Caffarelli.

BRB's clients will also have an option to rent small payment machines from Cielo, depending on their business needs.