Boleto Bancário
Boleto (meaning ‘ticket’) Bancário is an official Brazilian payment method, which is regulated by the Central Bank of Brazil. It was launched in 1993 and today is highly popular, generating 3.7 billion transactions per year in a country where more than two-thirds of its 213 million population do not have a credit card (PPRO Almanac). Local and regional merchants often offer discounts for Boleto Bancário payments as there is no chargeback risk, and payments are made upfront. Boleto Bancário is especially popular for high-ticket items because many consumers still do not feel secure in providing their payment details online. Payment can be made by cash at payment points, via a wallet, or online banking by scanning a voucher issued at checkout
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Get in touchWhy Boleto Bancário
Brazilian consumers use Boleto Bancário in 68% of their cross-border e-commerce purchases (Statista).
There are more than 200,000 cash payment points where a Boleto can be paid in Brazil: ATMs, branches of any bank, post office, lottery agent, convenience store or supermarket.
For the almost 50 million Brazilians who are still unbanked, Boleto Bancário is almost the only way to make online purchases (PPRO Almanac).
How it works
At online checkout, the consumer chooses Boleto Bancário as the preferred payment method
The consumer enters an email address and is redirected to print a voucher
The consumer brings the voucher to a Boleto Bancário location to make payment
At online checkout, the consumer chooses Amazon as the preferred payment method