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HOW BRAZIL’S LARGEST PAYMENT

NETWORK IS HELPING BUILD TRUST

IN CARBON CREDIT MARKET

Blockchain-powered platform brings traceability, governance, and security from the
issuance of carbon credits to the final registration of offsets.

Brazil is establishing itself as one of the global players in a complex ecosystem with both security
leaders in the carbon credit market. With over and credibility.
60% of its territory covered by native vegetation,
the country approved Law 15.042/2024 in Founded in 2011 focusing on debit and credit cards,
November 2024, which created the Brazilian Elo has in recent years expanded its role as a
Emissions Trading System (SBCE), regulating payment technology company into other areas,
the national carbon credit market. According to including tokenisation. Noting the lack of a player
a McKinsey report, Brazil holds 13% of the global capable of validating the credentials of the entire
potential in this sector by 2030. transactional process in a carbon credit trade, Elo
began developing a solution to bring its extensive
However, despite its promising outlook, the market expertise into this sector. It’s worth noting that the
faces numerous challenges, such as fraud, lack company processes an average of 4 billion card
of traceability, greenwashing, and fragmentation. transactions every year, making it one of Brazil’s
In light of these challenges, Elo, the largest 100% leading payment networks.
Brazilian payment network, saw an opportunity to
help transform the sector. This led to the creation of Elo Eco, a digital platform
that uses blockchain to ensure traceability,
But what is the connection between the carbon governance, and security from the issuance of
credit market and a credit card network? The carbon credits to the final registration of offsets.
answer lies in the similarities between the two Elo acts as an intermediary in the trading of credits
sectors’ processes. A payment network’s core role generated by third parties and offers integration
is to connect buyers and sellers, organising all the with other partner platforms.

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