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’s a huge 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.