Cielo SA (CIEL3.SA)
23 Jan 2018
Fri, Jan 19 2018
SAO PAULO Brazilian credit card processor Stone Pagamentos SA is planning its initial public offering in New York by the second half of the year to raise funds to compete with larger rivals Cielo SA and the Rede division of Itaú Unibanco Holding SA , three people with knowledge of the matter said.
SAO PAULO, Aug 2 Competition from smaller payment processing firms in Brazil should ease soon, mitigating the impact of a declining base of point-of-sale machines amid a recession that has triggered massive store closures, executives at Cielo SA said on Wednesday.
SAO PAULO, Aug 1 Cielo SA, Brazil's largest payment processor, cut targets for expense and capital spending growth this year, citing slowing inflation and declining client rentals of point-of-sale machines stemming from a harsh recession.
SAO PAULO, Aug 1 Cielo SA beat second-quarter profit estimates on Tuesday, reflecting declining debt-servicing costs at Brazil's largest payment processing firm and better-than-expected revenue at a credit card venture and a U.S.-based payment solutions unit.