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5 Curiosities About Carnival in Brazil

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Not every Brazilian enjoys the carnival celebrations; some would rather create posts on LinkedIn that share interesting details about the holiday. However, everyone enjoys their two and a half days off!

If you are considering doing business in Brazil, you should be aware of the following three aspects of Carnival:

  1. The official Carnival date varies from year to year. Catholic standards are applied, taking Easter into account.
  2. Despite not being an official holiday, banks all around the country close for
    business during Carnival. This means that Swift wire transfers and TED will not work.
  3. Carnival is a huge deal for e-commerce. CNC – Confederação Nacional do Comércio de Bens, Serviços e Turismo (CNC) statistics show that sales are expected to reach R$5.5 billion in 2024, up 17% from the previous year.
  4. There are a lot of fraud attempts during Carnival. According to data from ClearSale, there were 83,187 fraud attempts during Carnival last year, which generated a loss of R$100 billion.
  5. According to a Mercado Pago survey, paying with Pix during Carnival has been popular with Brazilians looking to celebrate the holiday.
Alexandre Pereira
Driving Payment Success with Banks, Acquirers and Card Schemes 🏦💳 | Payments Strategy ♜💡 | Global Cross-Border Payments Expert 🌎 | Payment Partnerships 🤝 | Payment Consulting 📋🎯


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