ME-based WEX has acquired the remaining 49% stake in UNIK. Following WEX’s initial investment in 2012, WEX has now consummated the purchase of the remaining interest in UNIK.
Accenture has acquired Brazils’ AD.Dialeto, strengthening its digital marketing services provided through Accenture Interactive, part of Accenture Digital.
Elo, the largest Brazilian credit card brand, has inked a del with Discover to allow acceptance of Elo Global Cards for international purchases and cash access outside of Brazil on the Discover Global Network, which includes Discover Network, Diners Club International and the PULSE network.
The demand for contactless cards is set to grow substantially over the period 2015-2019 in Brazil due to upcoming 2016 Olympic games. Meanwhile, contactless cards became available in the country in 2013 after the launch of the Ourocard card by Banco de Brasil.
Europe’s Wincor Nixdorf is gearing up for more expansive Software business in Brazil. At the same time, it plans to work in cooperation with Perto in the Hardware sector. On the basis of an agreement recently concluded between both parties, the Brazilian company will take on the task of final production of Wincor Nixdorf systems for customers in Brazil.
CardWeb.com’s CardPixes database of more than 7,000 images today features the Visa Cargo Credit Card in Latin America.
MasterCard has launched its Travel Service program in the Latin America and the Caribbean region. The program is now available to cardholders in the following markets: Brazil, Mexico, Colombia, Argentina, Chile, Peru, Dominican Republic, Ecuador, Costa Rica, Panama, El Salvador, Honduras, Nicaragua and Guatemala.
MasterCard continues to outpace Visa in the Latin America Caribbean (LAC) region in year-on-year (YOY) growth in gross dollar volume (GDV), on a local currency basis. According to CardData, MasterCard’s LAC YOY GDV growth has consistently exceeded Visa’s growth for the prior seven quarters.
Bitcoin payment processor Snapcard Inc. announced its partnership with São Paulo-based payment gateway AZPay, allowing hundreds of merchants worldwide to accept bitcoin payments and receive instant settlements in the digital currency. Merchants using AZPay’s payment gateway platform can now accept bitcoin with a simple click of a button.
NCR announced Dunkin’ Donuts has opened its first site in Brazil using NCR restaurant technology and cloud solutions. NCR’s solutions will help the Brazilian location, which is operated by OLH Group.
Today, there are a total of 37 mobile money services in Latin America, accounting for roughly 14.9 million registered mobile money accounts, in 19 countries1 in the region. This includes seven new services launched in Brazil, Colombia, the Dominican Republic, Ecuador, Panama and Peru since 2014.
Ingram Micro and Powa Technologies signed a deal to distribute the PowaPOS tablet-based POS hardware in Latin America and the Caribbean. The two companies recently inked an Asia-Pacific partnership.