Change in interest-free installments divides cards sector

The proposal of a new credit to reduce the weight of in installments without interest and reduce the payment deadline to retailers that accept cards puts it, again, large enterprises and new industry players on opposite sides. In game. The companies linked to the largest banks, represented mainly by the Brazilian Association of credit card companies and services (Abecs), defending the "new credit" as a proposal to the Central Bank to pay the retailers in fewer days, taking the Brazil single market condition in which retailers only receives the credit card payment after 30 days. Meanwhile, the new purchasers, that form the Brazilian Association of payment institutions (Abipag), in anticipation of receivables your main source of revenue. If the new credit pick up, it goes into space, because I will be born in the form of up to D + 5 – i.e. payment to establish up to five days, against the current D + 30 practiced by the industry as a whole. Reaction. Smaller companies in the industry have made an offensive with advertising this weekend with the so-called "who pays the Bill!" and "only the banks win", as opposed to large financial institutions.