Aventine

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Who We Are
“The most important capital of any company is its people.”
  • Our Presence

Brazil

Highly Globalized with Economic Vigor

Brazil is a quickly growing nation with a population of over 209 million people and remains one of the top ten richest countries in the world, ranking 8th based on its Gross Domestic Product (GDP). The Brazilian economy is benefitting greatly from one of the most used payment methods in Brazil – credit cards. In 2015, card payment transactions grew in Brazil by 10% in current value terms to reach USD204.7 billion. Aventine is accessing the availability of this payment market through the use of credit card receivables.

With 21 million people, the Greater São Paulo area is Brazil’s vital financial centre. It is a highly globalized city known for its role as the finance capital of Latin America, with an economy that is advanced due to its quick, reliable banking system which features tight control of balances and security measures in place to protect the banks. Its compliance to stringent lending laws and penalties for credit default is a primary example. The headquarters to dozens of national and multinational firms in Latin America, São Paulo also includes 19 of the world’s 25 largest banks.

Moreover, São Paulo is also a powerhouse for manufacturing, as it contributes about 30 percent of Brazil’s gross national product (GNP), and with 2.1 million manufacturing workers, is the second largest industrial city in the world. The country has experienced a 9.7 percent rise in exports of USD16.99 billion in August 2016 from USD15.49 billion in the same month of the previous year.

São Paulo is still the most powerful magnet for foreign direct investment (FDI) in all of Latin America. The financial centre continues to be a growth locomotive and maintains its competitive global economic edge against the challenge of a fast-changing economic climate.

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