Latin America has been a fertile ground for collecting credit and debit cards en masse. Brazil started the migration to EMV cards in 1999 and nowadays almost all cards issued in the country are chip-enabled. A small Java-based application lives inside this chip and can be easily manipulated in order to create a golden ticket card that will be valid in most (if not all) point of sale systems. The underground economy for user information has matured so much that it is indistinguishable from a legitimate economy.”]
Source: https://securelist.com/goodfellas-the-brazilian-carding-scene-is-after-you/84263/