online shopping in Brazil generally has these payment methods: BOLETO, local debit card payment, local credit card payment and SMS payment. In Brazil, credit card payment accounts for about 7% of all payment markets, but only 2% of them have international credit cards. Therefore, the most important payment method in Brazil is the credit card that supports local currency transactions in Brazil. The issuing organizations of Brazilian local currency credit cards are divided into international credit card organizations such as VISA and MASTERCARD, as well as local credit card organizations such as ELO and HYPERCARD.

At present, there are more and more businesses in China going to Brazil to do e-commerce, foreign trade, games, media and so on. In Brazil, these businesses will involve a cross-border payment problem, that is, Brazilian users pay online or offline to e-commerce platforms or game businesses. Generally, this kind of cross-border payment needs to be paid by a third party. As far as China is concerned, only Pagsmile, a platform in the cloud, supports all credit card types in Brazilian local currency and credit cards issued by major banks in Brazil. Therefore, if a domestic company that goes to sea wants to do business in Brazil, it is best to take the payment platform pagsmile, which is the only one that has obtained the payment license in Brazil, that is to say, local banks in Brazil are authorized and Brazilian users trust it. In this way, the company has solved a big problem of payment.