Rede and Poynt Co., a subsidiary of Itaú Unibanco, announced Thursday it has entered into a partnership to bring smart payment terminals to Brazilian merchants in 2016.
The smart terminal uses mobile technology to allow merchants using their system to manage business through electronic means as a multipurpose device. Through this partnership, Brazil will be the first country outside of the U.S. to use the Poynt payment terminal system.
"This new partnership will allow Rede to offer a pioneering and innovative solution for electronic payments in Brazil,” Rede CEO Milton Maluhy Filho said. “We will provide applications to improve the shopping experience through the Poynt Store, build a cloud connection to the countertop, and develop enhanced services to create new revenue streams for the merchants and offer more convenience for the customers. The Brazilian payments market is constantly evolving. Poynt and its innovative products fit perfectly into our strategy of enhancing the use of the many payment types in region and help us serve the needs of our clients even further."
The terminal is able to accept multiple payment methods including smart payment cards that use chips, QR codes, beacon and traditional credit and debit cards.
Organizations in this Story
Want to get notified whenever we write about Rede ?
Next time we write about Rede, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.Sign-up for Alerts
- New Colombia Resources says Sannabis test was successful
- Grupo Exito aims to help support Colombia
- Codelco CEO calls for transparency, focus on production goals
- BCP offers tips on choosing master's degree program
- General Tire launches new tire for Andean market
- Latin America talks of boosting pork production, exports @CorferiasBogota
- AIR Worldwide team takes part in wind-engineering conference
- El Salvador's Asesuisa discusses risk management, strategic direction with stakeholders
- Grupo Exito buying lettuce locally to support resocialization program
- Endo selling Mexico-based Grupo-Farmaceutico Somar