FLEETCOR® Signs Joint Venture Agreement With CAIXA, Brazil’s Largest Bank, to Distribute Its Electronic Payment Solutions
Agreement Makes FLEETCOR Payment Solutions Available to 146 Million CAIXA Customers
The 20-year joint venture agreement exclusively provides CAIXA's customers the most comprehensive portfolio of electronic payment solutions including automatic toll tags, fuel cards, transportation vouchers and food vouchers. CAIXA has locations in 99 percent of Brazilian municipalities, representing the largest network of branches in the country, with more than 26 thousand service points. It also has the largest client base with 146 million individuals and companies including about 107 million clients in its digital banking operation.
“This agreement creates a potentially meaningful new sales channel for our payment products in
“We believe that this alliance will bring benefits to millions of Brazilians, in addition to strengthening
The agreement is contingent on approval by a variety of regulatory bodies including the
About
About CAIXA
CAIXA is the bank for all Brazilians. It has locations in more than 99 percent of the municipalities in the country, through its more than 26 thousand physical service points, including 4,169 bank branches and similar service points, 13,056 lottery stores, 8,810 exclusive outsourced stores, 8 truck branches and 2 boat branches. CAIXA made a difference when Brazilians needed the most, especially during the pandemic crisis, by providing safety to employees and customers. It was responsible for operating the largest payment of social and income transfer programs in the history of
About VR Benefícios
Pioneer in the benefits segment, VR Benefícios has become synonymous with the meal voucher and food voucher category in the country. Its innovative solutions are dedicated to entrepreneurs, companies, merchants and employees, and have the objective to simplify people’s lives in a practical, fast, safe and digital way. The products VR Meal, VR Food, VR Auto, VR Culture, VR Transportation, VR Purchase, VR Digital Account, VR Pay and VR Loyalty add up to more than 3.5 million card accounts managed by VR, which serves 50 thousand client companies, both public and private, and more than 500 thousand commercial establishments from its acceptance network throughout
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Investor Relations
Jim.Eglseder@fleetcor.com
Media Relations
Chad.corley@fleetcor.com
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