Multos International today announces the availability of its latest MULTOS chip product, the first to support both domestic and international payments acceptance for Elo, the largest Brazilian credit card brand.
The innovative product is a multi-application payment solution based on MULTOS technology, and validated to Elo’s requirements. Thanks to such innovation, Brazil’s card issuers will now be able to offer international acceptance to millions of Elo’s cardholders.
“We understand that the internationalization of the Elo payment brand is extremely important to the Brazilian card market and also an example to other regional payment schemes of how it is possible to bring secure, advanced payments to their cardholders”, said Richard Cusson, General Manager, Multos International. “And since it is MULTOS technology, the card issuers are able to rely on the best supply chain flexibility of any platform, and of course the renowned security of the technology”.