About
Cabal is an Argentine card brand run by Cabal Cooperativa de Servicios Ltda., a cooperative payment-card administrator. It began around 1980 as an in-house department of the Instituto Movilizador de Fondos Cooperativos and became an autonomous cooperative in 1992, with Banco Credicoop playing a central role. Cooperative banks and credit cooperatives issue Cabal credit, debit and prepaid cards, with affiliates in Uruguay, Paraguay and Brazil. Since a November 2019 agreement with Discover, Cabal cards can be used on the Discover/Diners Club network abroad; at the time, Cabal reported more than 7 million cards and 3.5 million accepting merchants.
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