Brazil projects itself onto the global stage through its joyful contributions to the worlds of soccer, music, and dance, but what's often overlooked is Brazil's position as Latin America's largest economic power.
The largest Latin American country by landmass and population, Brazil has the largest ecommerce market in the region, representing over 30% of Latin America's online sales. 80% of ecommerce payments are made in installments, while Boleto Bancário, a cash-on-delivery payment method, is also popular, especially among the 30% of Brazilians without access to a bank account.
Adyen holds an acquiring license in Brazil. With this, we can offer payments by installments and process debit cards without 3D Secure for selected businesses.