A Preferred Payment Option in Brazil
Brazil is one of the biggest e-commerce markets in the world, representing almost 70% of all online purchases in Latin America.
There are many cultural aspects and government regulations to be considered, such as the widespread use of local payment methods like Banco do Brasil.
Banco do Brasil allows its banking clients to use online banking to complete their online purchases.
By accepting Banco do Brasil's online banking as a payment method, merchants can offer a secure checkout payment method. Online shoppers that use the online banking service of Banco do Brasil are redirected to their trusted home banking website to complete the payment online.
How Banco do Brasil Works
Upon purchase the consumer selects the option to pay with Banco do Brasil. The consumer selects the bank of preference and logs in to home banking. Customer receives funds or purchase information instantly.