In another announcement from the banking sector today, Bradesco, Banco do Brasil and Caixa (the Federal Savings and Loan Bank) say they will soon be launching the Brazilian “Elo” credit, pre-paid and debit cards. The three banks (all of them among the biggest in Brazil) say they will be exploring “new plastic business opportunities.”
Bradesco and Banco do Brasil recently united their network of payment terminals and are now studying the possibility of bringing the Caixa into the same system.