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DataCash and Redecard Present New Payment Solutions which Enable Multi-national Retailers to Expand into Brazil
LONDON, October 11, 2013 /PRNewswire/ --
Retail Merchants to benefit from DataCash and Redecard's state-of-the-art digital
payment solution which enables expansion into the rapidly growing Brazilian e-commerce
market
Global payments solution provider, DataCash [http://www.datacash.com ], a MasterCard
company, today announces the latest development in its partnership with Redecard to
provide the most complete payment solution for the Brazilian market, now including local
and flexible payment options for Retail Merchants looking to enter the market in a cross
border, e-commerce capacity.
This development in the partnership, initially announced 28th May 2013, expands upon
specialist solutions developed for the domestic market, and allows Retail Merchants with
global ambitions to capitalise with an entry strategy supported by a single holistic
digital payments solution.
Specific functionality is now employed which gives retailers the ability to accept
widely recognised local digital payment methods including:
- Boleto Bancario which allows the 'unbanked' to shop online and pay for
goods in cash at bank branches
- Parcelado transactions which allow for the payment of goods to be split over a
series of recurring payments and enable merchants to apply interest as necessary
- Hipercard which is the biggest Brazilian card brand
- Combo Card transactions in which the cardholder can choose which account the
funds are taken from.
- Also integrated is the ability to process CPF, the Brazilian National
Identification number, for the purpose of fraud screening.
Together these developments enable Merchants to provide a safe, efficient and
convenient payment experience for their consumers, providing valuable brand consistency
and assurance, whilst entering this exciting new market.
With a population of over 200 million[i], 80 million of which are internet users,
Brazil is one of the fastest growing e-commerce markets in the world. $10.6 billion is
spent online per year, the largest total in Latin America, and this is expected to grow to
$18.7 billion by 2017[ii] which makes it a prime target for multi-national Retailers
looking to expand. To be successful within the Brazilian market it is vital that Merchants
are able to support these popular payment methods.
"Redecard have worked in close partnership with DataCash to create a digital payments
solution that fits with the precise demands of the Brazilian market. Having seen great
success domestically to date, we feel it is a great time to take our in market experience
and technology assets, together with DataCash's experience in providing solutions to the
world's leading retailers, and respond to the challenges and demands that entering the
Brazilian market places on cross border Retailers." said Marcelo Kopel, Redecard's
Executive Director.
"As new ways to pay continue to emerge, and the demand to purchase anywhere, at
anytime, via any device continues to grow, achieving borderless commerce is more important
than ever before." said Ajay Bhalla, President at DataCash. "Brazil is an exciting market
which leading Retailers should look to, in order to stay ahead of their competitors and
secure future growth, and our partnership with Redecard provides real access to this."
About DataCash
Founded in 1996, DataCash Group Ltd (part of MasterCard Incorporated) provides
multi-channel global payment processing services and advanced fraud prevention and risk
management solutions to merchants and banks. As a global partner to some of the world's
most recognisable brands in the gaming, travel, retail and finance sectors, DataCash
combines smart thinking and an end-to-end solution to help its customers transcend the
complexities and expense associated with payment processing. Advanced technology from
DataCash enables customers to accept and process payments in over 177 currencies, from
over 45 brands across e-commerce, m-commerce channels and cardholder present channels -
with the security and confidence of tools tailored to meet exacting and expanding business
needs. DataCash customers protect their brand and reputation, enhance end-user experience
and capitalise on new global market opportunities.
About Redecard
Redecard, part of the Itau Unibanco group, is one of the leaders in the electronic
payment industry in Brazilian market. Its activities include acquiring as well as
capturing, transmitting, processing and settling debit and credit card transactions. The
company also offers its clients prepayment for receivables, terminal (POS) rental,
terminal (POS) check verification, as well as capturing and processing services for
benefit cards (Voucher) and store cards (Private Label).
i. World [http://worldpopulationreview.com/brazil] Population Review
ii. A.T Kearney, E-Commerce Is the Next Frontier in Global Expansion
PRESS Contact:
Simon Chan
Edelman for DataCash
simon.chan@edelman.com
+44(0)20-3047-2433
DataCash
DataCash and Redecard Present New Payment Solutions which Enable Multi-national Retailers to Expand into Brazil
LONDON, October 11, 2013 /PRNewswire/ --
Retail Merchants to benefit from DataCash and Redecard's state-of-the-art digital
payment solution which enables expansion into the rapidly growing Brazilian e-commerce
market
Global payments solution provider, DataCash [http://www.datacash.com ], a MasterCard
company, today announces the latest development in its partnership with Redecard to
provide the most complete payment solution for the Brazilian market, now including local
and flexible payment options for Retail Merchants looking to enter the market in a cross
border, e-commerce capacity.
This development in the partnership, initially announced 28th May 2013, expands upon
specialist solutions developed for the domestic market, and allows Retail Merchants with
global ambitions to capitalise with an entry strategy supported by a single holistic
digital payments solution.
Specific functionality is now employed which gives retailers the ability to accept
widely recognised local digital payment methods including:
- Boleto Bancario which allows the 'unbanked' to shop online and pay for
goods in cash at bank branches
- Parcelado transactions which allow for the payment of goods to be split over a
series of recurring payments and enable merchants to apply interest as necessary
- Hipercard which is the biggest Brazilian card brand
- Combo Card transactions in which the cardholder can choose which account the
funds are taken from.
- Also integrated is the ability to process CPF, the Brazilian National
Identification number, for the purpose of fraud screening.
Together these developments enable Merchants to provide a safe, efficient and
convenient payment experience for their consumers, providing valuable brand consistency
and assurance, whilst entering this exciting new market.
With a population of over 200 million[i], 80 million of which are internet users,
Brazil is one of the fastest growing e-commerce markets in the world. $10.6 billion is
spent online per year, the largest total in Latin America, and this is expected to grow to
$18.7 billion by 2017[ii] which makes it a prime target for multi-national Retailers
looking to expand. To be successful within the Brazilian market it is vital that Merchants
are able to support these popular payment methods.
"Redecard have worked in close partnership with DataCash to create a digital payments
solution that fits with the precise demands of the Brazilian market. Having seen great
success domestically to date, we feel it is a great time to take our in market experience
and technology assets, together with DataCash's experience in providing solutions to the
world's leading retailers, and respond to the challenges and demands that entering the
Brazilian market places on cross border Retailers." said Marcelo Kopel, Redecard's
Executive Director.
"As new ways to pay continue to emerge, and the demand to purchase anywhere, at
anytime, via any device continues to grow, achieving borderless commerce is more important
than ever before." said Ajay Bhalla, President at DataCash. "Brazil is an exciting market
which leading Retailers should look to, in order to stay ahead of their competitors and
secure future growth, and our partnership with Redecard provides real access to this."
About DataCash
Founded in 1996, DataCash Group Ltd (part of MasterCard Incorporated) provides
multi-channel global payment processing services and advanced fraud prevention and risk
management solutions to merchants and banks. As a global partner to some of the world's
most recognisable brands in the gaming, travel, retail and finance sectors, DataCash
combines smart thinking and an end-to-end solution to help its customers transcend the
complexities and expense associated with payment processing. Advanced technology from
DataCash enables customers to accept and process payments in over 177 currencies, from
over 45 brands across e-commerce, m-commerce channels and cardholder present channels -
with the security and confidence of tools tailored to meet exacting and expanding business
needs. DataCash customers protect their brand and reputation, enhance end-user experience
and capitalise on new global market opportunities.
About Redecard
Redecard, part of the Itau Unibanco group, is one of the leaders in the electronic
payment industry in Brazilian market. Its activities include acquiring as well as
capturing, transmitting, processing and settling debit and credit card transactions. The
company also offers its clients prepayment for receivables, terminal (POS) rental,
terminal (POS) check verification, as well as capturing and processing services for
benefit cards (Voucher) and store cards (Private Label).
i. World [http://worldpopulationreview.com/brazil] Population Review
ii. A.T Kearney, E-Commerce Is the Next Frontier in Global Expansion
PRESS Contact:
Simon Chan
Edelman for DataCash
simon.chan@edelman.com
+44(0)20-3047-2433
DataCash