cielo sa-sponsored adr (CIOXY) Details

Cielo S.A., through its subsidiaries, operates in the merchant acquiring and payment processing industry in Brazil. It provides services related to credit and debit cards, and other payment methods, as well as related services, such as signing up of merchants and service providers; rental, installation, and maintenance of point of sales equipment; and data capture and processing of electronic and manual transactions. The company also offers maintenance and contact services with merchants and service providers for acceptance of credit and debit cards, and other payment methods. In addition, the company offers data transmission services to load fixed or mobile phone, prepaid television, prepaid transportation, and similar credits; mobile payment consulting services; and technology, software development and licensing consulting services, product sale, and technology and sales representation services, as well as engages in the sale of mobile or fixed phone credits. Further, it provides software development; automated transaction processing; and IT services for collection and management of trade accounts payable and receivable using the Internet. Additionally, the company provides electronic payments with either credit or debit cards, comprising transaction authorization, financial clearing, and the notification of transactions to merchants. The company was formerly known as Companhia Brasileira de Meios de Pagamento and changed its name to Cielo S.A. in December 2009. Cielo S.A. was founded in 1995 and is headquartered in Barueri, Brazil.

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