Brazilian payment firm Elo has signed a partnership agreement with Diners Club International, a unit of Discover Financial Services, to issue Elo Diners Club International Cards in Brazil.
The new cards will run on the Discover Global Network, which supports 42 million merchants as well as two million ATMs in more than 190 countries.
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With the new Elo Diners Club Brazil card, users will gain access to over 850 airport lounges across the globe along with discounts on international car rentals.
Cardholders will also be able to avail exclusive offers in hotels, resorts, restaurants and shops in over 50 countries.
Elo CEO Eduardo Chedid said: “The expansion of our Discover partnership, with the resulting launch of Elo Diners Club cards, is a strategic move to expand Elo’s presence among affluent consumers.
“It’s also a milestone in this market: we are the first 100% Brazilian payment brand and are now issuing Diners Club cards, the world’s first charge card.”
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By GlobalDataThe latest partnership builds on the companies’ existing relationship, which started in 2015. The earlier agreement enables Elo Global Cards to run on the Discover Global Network.
Discover executive vice president, president of payments services Diane Offereins said: “We continue to have a strong relationship with Elo that as a result benefits cardholders. This next evolution in our partnership will allow us to offer our Diners Club benefits to more people in the country.”
