SAO PAULO, Feb 21 (Reuters) – Brazilian state-owned lender Caixa Economica Federal is partnering with the world’s largest funds community Visa Inc V.N to challenge debit and bank cards, it stated on Friday.
The partnership comes as Caixa revamps its card enterprise previous to promoting a stake the newly created firm, Caixa Cartoes.
Caixa had 109.three million debit and bank cards issued to purchasers in December, up 6.2% from a 12 months earlier. Funds with Caixa playing cards totaled 210.eight billion reais ($47.97 billion) final 12 months.
($1 = 4.3940 reais)
(Reporting by Carolina Mandl; Modifying by Jan Harvey)
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