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According to data released by the Central Bank (CB), Brazilians spent US$ 2.120 billion on international travels in January 2014. Expenditure by foreign travellers in Brazil reached US$ 643 million in the same period. Therefore, the Brazilian tourism balance of payments incurred a deficit of US$ 1.478 billion.
In January of last year, the international travels item had a deficit of US$ 1.603 billion reflecting an expenditure of US$ 2.299 billion and an income of US$ 696 billion.
Despite Brazilian government measures to contain international travels expenditures by raising the Tax on Financial Transactions (IOF) from 0.38% to 6.38% on foreign exchange payments, Central Bank is forecasting new growth this year: disbursement should register US$ 19 billion. In 2013, the account was already negative in US$ 18.632 billion, a record at that time.
allpago international provides a full-spectrum of payment services in the LATAM region. allpago works as a payment gateway, a white label payment service provider (PSP) or a product and service reseller for merchants and payment service providers interested in the LATAM markets.
allpago’s features include one-click payments, recurring payments, instalments, dynamic descriptor and mobile payment solutions. The company’s html 5.0 code allows multiscreen and is as easy to implement into the store through the “plug and pay” feature. Furthermore, the company offers a fully integrated Risk Management Solution with more than 70 checks. allpago has recently become the first LATAM payment solution provider of the Merchant Risk Council (MRC).
Current clients include Art.com, Busuu.com, McAfee, Teamviewer, Twoo.com and many other leading payment or digital companies from various sectors.
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