Elo Extends Partnership With Discover in Brazil
Brazilian payment brand Elo and Diners Club International, a subsidiary of Discover Financial Services, and part of the Discover Global Network, have announced that they will extend their partnership with the launch of Elo Diners Club International Cards in Brazil. Elo, whose shareholders are Banco do Brasil, Bradesco and Caixa Econômica Federal – extends its partnership with Discover by adding the Diners Club brand to its card portfolio in Brazil.
Diners Club Brazil cards, that are issued by Elo, will run on the Discover Global Network, which includes acceptance at 42 million merchant locations in more than 190 countries and territories. The two companies have worked together since 2015 when they announced that Elo Global Cards would be able to run on the Discover Global Network, allowing Elo cardholders international acceptance while travelling abroad. The first transaction from this deal occurred in 2016 and since then Elo has issued several million Elo Global Cards in the first two years.
As a result of the transition to Elo as the Diners Club International partner in Brazil, any cardholder that receives the new Elo Diners Club Brazil card issued by one of the member banks will have access to more than 850 airport lounges worldwide, offers in hotels, resorts, restaurants and shops in more than 50 countries, as well as discounts on international car rentals. Elo will also incorporate its own set of features and benefits.