Brazil
Banking in Brazil
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Challenges of Going Global
The BBC today is running with a story on the challenges of Going Global - http://www.bbc.com/news/business-33224596 - which is says are primarily down to a failure to understand that brand doesn't necessarily carry overseas. I would tend to agree. However also believe that companies regularly make the jump from initial research to genuine overseas incorporation without having done the correct rese
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Banking in Brazil
It was mainly a cash economy until recently in Brazil, but now electronic payments are becoming a growing trend. You can pay for many things with your carto magnético, for example. In the banks themselves, you'll find all the electronic services that you are used to banking in Europe, and most banks will have English-speaking staff, especially in the foreign exchange section.
Most banks are linked together via the Brazilian Payments Service, operated and controlled by the Banco Central do Brasil.
Banco do Brasil must not be confused with Banco Central do Brasil, which is the central bank, and does not offer the same services as the 'high street' banks.