Elo is a local Brazilian payment card.

Member banks are issuing a range of debit, credit and prepaid Elo cards, which can be used at ATMs and around 7.5 million outlets in Brazil and internationally through a co-badging arrangement with Discover Financial Services. Elo cards can also be used online.

Elo has approximately 125 million cards in circulation, giving it the third largest marketshare in Brazil.

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Type Local payment card
Company behind LPM Elo
Market share details 50 m cards issued to date
Market relevance Medium

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