Brazil Legally Categorizes Mobile Payments

By  |  June 20, 2014
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In fall 2013, Brazilian President Dilma Rousseff signed into law legislation meant to clarify expectations from different mobile payments players for that emerging market. Non-mandatory interoperability between mobile network operators, bankcard issuers, acquirers and the card brands was the focus of the law. Brazil currently has 1.4 million contactless terminals and 15 NFC-enabled smartphones.

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