Payments News
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Global

Brazil Sprints Ahead in Mobile Payments Innovation

“Brazil will see its leadership in technological innovation for mobile payments strenghtened as a predicted increase in smartphone adoption is set to create more opportunities in the sector, a study says. Home to a burgeoning financial services technology industry, Brazil is the most advanced in the Latin America and the Caribbean when it comes to […]

On The Web

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Domains

MercadoLibre Soars to Record as Payments Growth Impresses Street

“Latin American e-commerce retailer MercadoLibre Inc . is getting a boost from its payments push .    American depositary receipts for the Buenos Aires-based company jumped as much as 20 percent to a record high on Friday after first-quarter revenue beat the highest analyst estimates . “Strong” payments growth overshadowed a slowdown in gross merchandise […]
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Global

Brazil’s Pagseguro Launches Instant Payment Feature for Debit And Credit Card Transactions

“Brazilian card processor Pagseguro Digital Ltd said it will offer instant payments for merchants in debit and credit card transactions, according to a securities filing on Monday. Pagseguro’s move follows Itau Unibanco Holding SA’s card processor unit decision to stop charging interest rates and repaying merchants using its machines in two days, compared with the […]
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Global

Brazil payments processor Cielo struggles against upstarts

“Brazilian payment processor Cielo SA’s once fat margins have been decimated by rivals who lease or sell credit card terminals to merchants for a fraction of what the market leader has long charged. Now Cielo is fighting back, offering services such as inventory management and market intelligence tools to justify its premium pricing and retain its […]

On The Wires

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Global

Allied Wallet Connects Its Platform with 200+ Million in Brazil

“Allied Wallet is now offering several of the most popular alternative payment options in Brazil, as they are now compatible with Allied Wallet’s digital eWallet services. Allied Wallet is now compatible with Boleto Bancário, Hipercard, Banco do Brasil, AstroPay Card, Santander, Elo, Bradesco, Aura, Cartao MercadoLivre, and Itaú. The average internet user in Brazil spends about $560 USD online […]