Cardpay adds Brazil’s popular payment methods to its global platform

Cardpay adds Brazil’s popular payment methods to its global platform
11.11.2019 11:28 am

Cardpay adds Brazil’s popular payment methods to its global platform


Cardpay announces integration with Boleto, Cash Express and Loterica into its existing list of payment methods in Brazil. With their introduction, ecommerce businesses will be able to unlock the potential of a population of upwardly mobile, yet ‘unbanked’ consumers.

To date, Cardpay seeks to remove a lot of the friction that still exists when it comes to taking payments; with more than 300 local payment methods available through its acquiring platform, it aims to support businesses looking to capitalise on accepting payments from an ever more global population of customers.

Kirill Evstratov, Group CEO of Cardpay, said: “What makes Latin America, especially Brazil, so interesting for us is the fact that there is so much opportunity for businesses, and need from the average user. In spite of hosting a rapidly growing population of over 200 million people, more that 50 million of them are what we would refer to as ‘unbanked.’ This is despite being responsible for a huge proportion of payments; in excess of 800 billion BRL. For businesses that live and thrive on the web, this is a massive financial opportunity. Especially considering that those that are unbanked are constantly looking to increase consumption of goods and services they buy online.

Being able to open the door wide for these companies and facilitate payments acquiring from Brazilian consumers is really exciting for us.”

Online merchants can connect to Cardpay’s platform via API and enable new payment methods for their customers in Brazil. As Cardpay has recently opened a local office in Sao Paolo it is looking to onboard international companies from the variety of sectors including Marketplaces, Travel, Transportation and Information Technology.

Related News

Regulation gives boost to card acceptance in Europe

Regulations and ongoing rollouts of contactless terminals at the point of sale are boosting card acceptance networks... Read more »

Appian Helps Banks Automate Lending under the CARES Act Payment Protection Program (PPP)

Appian (NASDAQ: APPN) today announced an application that enables banks to accept and manage PPP loan applications from small businesses, support their unique servicing... Read more »

PPS Powers koto – The First E-money Account to Provide Credit

PPS, formerly PrePay Solutions, and subsidiary of Edenred, the everyday companion for people at work, has today... Read more »

Uber Eats partners with Mastercard to commit an additional 40,000 meals for NHS staff

From today, an additional 40,000 free meals will be available to NHS heroes on Uber Eats.

Together, Uber Eats and Mastercard hope this will help reduce the pressure on... Read more »

MuchBetter and Winwatch launch world’s first analogue watch with “payment glass”

Payments app MuchBetter and Swiss watch smart glass provider, ... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel