Payments News

On The Web

nbsp;

Global

Delivery App Rappi Partners With Visa to Launch Credit Cards in Brazil

“SoftBank-backed delivery app Rappi is launching credit cards for its users in Brazil, expanding its financial products portfolio as competition in the payments sector heats up in Latin America. Rappi partnered with payments company Visa Inc to offer the credit cards, marking the two companies’ fourth such collaboration in Latin America, following similar launches in […]
nbsp;

Global

Amazon Brazil plans to add Pix as a means of payment

“The Amazon subsidiary in Brazil confirmed that its users will be able to use PIX as a form of payment in a short time.  The announcement was made by Daniel Mazini, general manager of Amazon Brazil, after being asked about the implementation of PIX in e-commerce during a press conference.  Beyond confirmation in Pix’s implementation plans, […]
nbsp;

Deals

Advent Invests $430 Million in Brazil Payments Firm Ebanx Before IPO

“Funds managed by Advent International are investing $430 million in the Brazilian payments company Ebanx, financing its growth in Latin America ahead of an initial public offering planned for the coming months, Ebanx Chief Executive said on Tuesday. CEO and co-founder Joao Del Valle said the company plans to use the proceeds from acquisitions to […]
nbsp;

Deals

Fintech All-star Nubank Raises a $750M Mega Round

“In 2013, Colombian businessman David Velez decided to reinvent the Brazilian banking system. He didn’t speak Portuguese, nor was he an engineer or a banker, but he did have the conviction that the system was broken and that he could fix it. And as a former Sequoia VC, he also had access to capital. His […]
nbsp;

Global

Fiserv Partners With Brazil’s Caixa Economica Federal in Card Deal

“Payments company Fiserv (FISV.O) has reached a deal with Brazilian state-controlled lender Caixa Economica Federal to offer its card services to the bank’s clients, according to a securities filing on Monday. The deal estimates a total payment volume processed of 457 billion reais ($84.06 billion) throughout the next 20 years. The value of the deal […]

On The Wires

nbsp;

Global

Caixa and Fiserv Complete First Merchant Transaction Via Maquininha CAIXA Pagamentos

“Caixa Econômica Federal (“CAIXA”) and Fiserv, Inc (NASDAQ: FISV), a leading global provider of payments and financial services technology, today completed the first payment transaction for a merchant as part of the companies’ recently signed merchant acquiring services agreement. The transaction was completed via the Caixa-branded point-of-sale terminal, “Maquininha CAIXA Pagamentos.””
nbsp;

Global

DLocal Unlocks the Brazilian Market to International Sellers

“dLocal, a technology-first payments platform that enables global enterprise merchants to connect with billions of consumers in emerging countries, today announced a new milestone. The new agreement enables non-domestic merchants, for the first time, to sell their products in Brazil on Amazon’s online store using dLocal’s new marketplace solution. With dLocal, Amazon can now pay […]
nbsp;

Global

SafetyPay Launches QR Codes for Real Time Payments in Brazil

“SafetyPay , the leading digital alternative payments platform providing solutions across Latin America and Europe, today announces the implementation of PIX as a payment method in the Brazilian Market to bring instant payments to life using QR codes. SafetyPay will facilitate the transfer and payments from any mobile phone in real time, 24/7, including holidays and weekends. This […]
nbsp;

Global

FLEETCOR® Signs Joint Venture Agreement With CAIXA, Brazil’s Largest Bank, to Distribute Its Electronic Payment Solutions

“FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company, today announced the signing of a joint venture in Brazil between its local subsidiaries and CAIXA, the country’s largest bank. FLEETCOR® partnered with VR Benefícios, a Brazilian leader in meal and food vouchers, on the joint venture to meet the product requirements in the […]
nbsp;

Global

Mastercard Cardholders Can Now Send and Receive Money Using WhatsApp in Brazil

“Starting today, Mastercard cardholders in Brazil can send and receive money to and from friends and family through WhatsApp. Mastercard debit cardholders with cards issued by Banco Inter, Itaú, Nubank and Sicredi will be able to use the innovative P2P WhatsApp service. The payments service on WhatsApp is enabled by Facebook Pay and processed by […]