Banrisul chief says Banricompras card biz a key part of growth strategy

Friday, October 7, 2011

Brazil's Rio Grande do Sul state bank Banrisul sees the card business as a key part of the bank's growth strategy, CEO Túlio Zamin said in a press release.

The bank added Visa (NYSE: V) as a new card brand to its Banricompras network on Thursday (Oct 6).

As a result of the agreement, Banricompras will accept Visa-branded credit, debit and prepaid cards. In March this year Banricompras began to accept MasterCard (NYSE: MA) cards.

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Banricompras has more than 90,000 merchants and operates in Rio Grande do Sul and Santa Catarina states.