GlobalCollect has opened a new office in Sao Paulo, Brazil, further consolidating the company’s leading position in the Latin-American eCommerce market.GlobalCollect has had a presence in Brazil for several years, and by establishing the Sao Paulo office, the company responds to strong demand for regional expertise from both Brazilian companies looking to expand internationally, as well as global merchants entering the rapidly growing Brazilian market. The Sao Paulo office is the fifth new GlobalCollect office to open in the last 12 months, following Shanghai, Beijing, Tokyo and Brisbane, which all opened in the second half of 2013. GlobalCollect’s Argentina-based subsidiary Sub1 has its own software factory and is the region’s leading payments gateway, providing access to more than 50 local payment methods and more than12 local acquirers across the region. In 2013, Sub1 outperformed the overall Latin American eCommerce market, growing revenues by 46%.
Worldpay Group acquired Cobre Bem Tecnologia, giving its customers access to a wide range of payment products. Cobre Bem is a payment service provider that offers single point access to popular local payment methods in Latin America, including eight different credit/debit card types and more than 20 banks for direct online transfers, direct debit and Boleto Bancario. Cobre Bem will continue to operate its current business model, and the existing Cobre Bem management team will join the senior leadership of Worldpay’s eCommerce business unit.
Worldpay Group announced that it has acquired Cobre Bem Tecnologia payment solutions. Worldpay’s eCommerce division will further strengthen its global reach, giving its customers access to a wide range of payment products in Brazil, Argentina, Colombia, Chile and Mexico. Cobre Bem is a payment service provider that offers single point access to popular local payment methods in Latin America, including eight different credit/debit card types and more than 20 banks for direct online transfers, direct debit and Boleto Bancario. Cobre Bem will continue to operate its current business model, and the existing Cobre Bem management team will join the senior leadership of Worldpay’s eCommerce business unit. In addition, Worldpay has committed to further investments in Cobre Bem’s technology and product offering, as well as to bringing Worldpay functions such as Relationship Management, Corporate Support and Implementation to Sao Paulo and Buenos Aires – guaranteeing a consistent customer engagement model around the world.
UOL BoaCompra and Ubisoft today announced a partnership to grow the company’s portfolio of PC online games across Latin America and Southern Europe. UOL BoaCompra will now support Ubisoft’s growth throughout Latin America, Portugal, Spain and Turkey by allowing gamers greater access with the local payment methods they use most.
NCR announced that Fogo de Chão successfully implemented NCR Aloha POS software at its 32 restaurants around the world. Already using the NCR Aloha in its 23 U.S. locations, Fogo de Chão selected NCR because of the sales and administrative functions it offers the international restaurant chain. Fogo de Chão is also using NCR Insight and NCR Configuration Center’s above-store capabilities, allowing the chain to improve operational efficiency at the store-level in their Brazilian locations. The NCR Insight software is expected to help the chain forecast revenues, increase controls, lower operational costs and reduce time spent on lower-value administrative tasks.
PagSeguro a leading provider of online and mobile payment solutions for the Brazilian market, has released a credit and debit card chip reader for cell phones and tablets. The PagSeguro credit and debit card chip and PIN reader is secure and easy to use, without any monthly fees or upfront payments. It is especially suited to the Brazilian market, where most credit and debit cards feature EMV chips.
FircoSoft, the leading global provider of watch list filtering solutions, announced today that Rede de Telecomunicações para o Mercado (RTM), a Brazilian Service Bureau, went live with Firco Continuity. Founded in 1997, RTM, a leading service provider in Brazil, offers outsourced SWIFT connectivity to over 35 Brazilian banks. Today, five banks are using the Firco Continuity transaction filtering service provided by RTM and “powered” by FircoSoft to detect and block transactions including listed parties list, and eliminate the risk of processing illegal transactions.
Consumers in Brazil have more options when they send and receive money transfers thanks to an agreement with MoneyGram and São Paulo, Brazil-based Confidence Câmbio. Customers can now use MoneyGram services at 69 Confidence Câmbio stores across the country. Confidence Câmbio is a well-known company with a presence in many of the largest cities in Brazil. It is part of Confidence Group which also owns the first foreign exchange bank in this country. Group Confidence is part of Travelex – the largest foreign exchange group in the world.
i2c clients Banco do Brasil Americas and SE Giftcards were each awarded a Paybefore Award for their innovative prepaid programs. The awards are presented annually by Paybefore, whose publications are the leading source of industry information for the global prepaid and emerging payments community. The companies use i2c’s global commerce and prepaid processing platform to power their programs. A judging panel comprised of prepaid industry experts selected this year’s winners from a record number of applications. Banco do Brasil Americas won in the “Better Way” category for using prepaid to achieve significant process improvements. The bank’s multi-currency scholarship disbursement card has accelerated funds availability for cardholders and simplified the process of sending and receiving scholarship disbursements globally.
NearPay is a solution that can be integrated into Mobile Wallet applications for mobile payments, but it’s not a wallet application in itself. By using several features that are available on NearLogin, NearPay is a service that allows payment applications to perform transactions on mobile devices both online and offline, with all the safety features that are necessary in financial applications. The NearPay system includes a server and security structure, and by using the NearBytes technology, can be used on various POS devices, and in physical and online stores. With NearPay, transactions can be completed using smartphones, tablets and computers, while online or offline.
Brazil’s economy is projected to increase by 2.3% in 2013 and 2.0% next year. However, the Consumer Price Index is headed downward (good news for consumers), by 20 basis points in the fourth quarter, according to RAM Research. Hosting the World Cup for the first time since 1950, Brazil is gearing up to win a…
Research and Markets announced “Latin America Online Payment Methods 2013 – Second Half 2013” report to their offering. The new Latin America Online Payment Methods 2013 – Second Half 2013 report indicates that online payment continues its growth in the emerging markets of this dynamic region. Because of the number of consumers who use mobile phones but have no relationship with a bank, mobile payments also have a great potential for growth. Development of online payments in Latin America is encouraged by increasing banking coverage of the population and growing acceptance of online shopping. Governmental regulations also are generally designed to stimulate growth. Local and international online payment service providers are increasingly active in the region: Brazil based MercadoPago, reached over 20 million transactions in Latin America in 2012, and US-based SafetyPay secured several millions USD investment from a World Bank subsidiary to facilitate online payments in Latin America. Mobile payment also has a great potential to develop in the region, driven by growing smartphone penetration.