International

Brazil Legally Categorizes Mobile Payments

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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