trending Market Intelligence /marketintelligence/en/news-insights/trending/nzOjHZYZHogrGCheV3lLXQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Brazil's Caixa opens search for card payment partner

Medical IoT Technology in US Hospitals Helps to Reduce Costs and Improve Care

Internet Traffic Spikes By One Third In March

How 37 Years of Default Data Can Prepare Us for the COVID-19 Fallout

US Pushes Pedal To The Metal On Broadband Speeds Ahead Of COVID-19 Outbreak

Brazil's Caixa opens search for card payment partner

Brazil's Caixa Econômica Federal confirmed reports that it is looking for a partner in the card payment market.

The state-run lender is seeking expressions of interest until Aug. 12 for a 20-year joint venture, according to a statement. "Caixa announces, in alignment with its strategic plan and seeking to strengthen its operations in the electronic payment market, it will promote a competitive process for the acquisition of a corporate partnership," the Aug. 2 filing said.

Caixa, the only major Brazilian bank that does not have a payment means unit, will offer exclusivity for the eventual partner, in its network of 4,170 branches, 13,031 lottery units and 8,500 banking correspondents.

According to previous reports, Visa and Mastercard have both expressed interest in becoming Caixa's new partner. In June, executives from both companies said they would be interested in knowing more details about the plan.

The bank had reportedly planned to start negotiations with interested parties in June, but the process was delayed due to judicial procedures, O Estado de S. Paulo reported.

Caixa currently works with Itaú Unibanco's Redecard SA. In addition, the bank participates in the card market through payments processor Elo Participações SA, which it co-owns with Banco do Brasil SA and Banco Bradesco SA.