BRASILIA, Nov 12 (Reuters) – Brazil’s Finance Ministry said on Wednesday the government measures to cut intermediation costs in the country’s meal voucher market are expected to generate savings of about 8 billion reais ($1.48 billion) a year.
Unveiled on Tuesday, the changes cap the fee charged by meal voucher companies to merchants at 3.6% and shorten settlement periods to a maximum of 15 days, down from 30 days previously.
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Brazil meal voucher rule changes to save $1.5 billion a year, Finance Ministry says
