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August 17, 2022
On the web
Payments Firm That Shed $16 Billion Emerges as Best Brazil Stock
Bloomberg
“Payment processing company Cielo SA is pulling off an unlikely comeback after four years of declines, as the deep pockets of its principal backers allow it to ride out the surge in Brazilian interest rates this year. Shares in the Barueri, Sao Paulo-based company have more than doubled in 2022, leading gains on the nation’s benchmark Ibovespa equity index, as it recovers market share from rivals such as StoneCo Ltd and PagSeguro Digital Ltd.”
October 3, 2019
On the web
E-payment Giant Cielo Exempts Customers From Fees in Brazil
LABS English
“In order to reinforce its focus on expanding its small customer base, Cielo starts this Tuesday (1) a promotion that exempts buyers using its card machines from the transaction fee. The discount will be valid for three months (or up to BRL 1,500 in sales) for all who buy the devices of the company itself or its controlling banks, Banco do Brasil and Bradesco.”
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