Brazilian card processor Cielo may be losing market share to rival Redecard and is still showing anemic growth from its prepayment receivables business, according to a report on its 4Q09 earnings from Raymond James (NYSE: RJF). Cielo had recurring net income of 442mn reais (US$235mn) in 4Q09 for a 77.5% increase from 4Q08, while Redecard, [...]
Posts Tagged ‘Redecard’
Cielo may be losing market share to Redecard, prepayment segment anemic
February 6th, 2010 
admin 
Posted in Business News 
Tags: card processor, Cielo, earnings, prepayment business, Redecard, transaction volumes 
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