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Digital River Expands Its Brazil Payments Offerings for Online Merchants
|By Business Wire
|August 12, 2014 09:01 AM EDT
Digital River, Inc. (NASDAQ: DRIV),
a leading global provider of Commerce-as-a-Service solutions, today
announced an expansion of its Brazil payments offerings through a
partnership with EBANX, a cross-border payments processor in Brazil and
Latin America. Since 2007, Digital River has been facilitating payments
in Brazil as a reseller and payments gateway. The joint Digital River
and EBANX offering will provide companies of all sizes a turn-key
solution for processing local online payments, including installments,
Without having to take on the high cost of establishing a local entity
in Brazil, the joint solution enables online merchants to:
Quickly set up and start processing online payments in Brazil through
a direct API or a hosted payment page;
Increase authorization and conversion rates by accepting local payment
options, including Boleto Bancario and cards;
Consult with Digital River’s local, knowledgeable support staff in the
Brazilian market; and
Gain access to payments tools that include online payment processing
and authorization, recurring billing and batch processing.
“Brazil is the fourth largest payment card market in the world,” said
Souheil Badran, senior vice president and general manager of Digital
River World Payments. “A number of our clients view Brazil as a
strategic growth opportunity. We can help them navigate this highly
complex market for cross border commerce, improve their authorization
and conversion rates, and control overhead costs and risks associated
with managing their own local entities.”
Digital River offers merchants entering Brazil three different business
models that can evolve with their payment processing needs. The company
leverages its own local entities to serve as a reseller for businesses
that don’t have a local presence in Brazil, offers a payment gateway for
merchants with their own local entities, and now provides a fully
integrated offering through the partnership with EBANX.
“With EBANX, we expanded our existing payments offerings in Brazil and
added another option for our clients to capture more market share in
this thriving ecommerce market,” added Badran.
“Partnering with an ecommerce and payments leader like Digital River
helps EBANX reach a greater number of merchants that are looking to
Brazil as their next ecommerce frontier,” said Alphonse Voigt, CEO at
EBANX. “As merchants prepare to enter Brazil, they must understand the
intricacies of market dynamics, regulations, tax structures and payment
processing schemes. Together with Digital River, we can lend our local
payments expertise to help them drive more revenue in a complex market.”
To learn more about Digital River’s payments offerings for Brazil,
please visit Digital River in person at Fórum
E-Commerce Brasil 2014 in São Paulo on August 12-13, 2014, by email
at [email protected]
or online at http://www.digitalriver.com/contact-us.
About Digital River, Inc.
Backed by 20 years of ecommerce experience, Digital River is recognized
as a leading global provider of Commerce-as-a-Service solutions.
Companies of all sizes rely on Digital River’s multi-tenant, SaaS
commerce, payments and marketing services to manage and grow their
online businesses. In 2013, Digital River processed more than $30
billion in online transactions, connecting B2B and B2C digital products
and cloud service companies as well as branded manufacturers with buyers
across multiple devices and channels, and nearly every country in the
Digital River is headquartered in Minneapolis with offices across the
U.S., Asia, Europe and South America. For more details about Digital
River, visit the corporate
website, follow the company on Twitter
or call +1 952-253-1234.
In addition to the historical information contained herein, this
press release contains forward-looking statements, such as statements
containing the words, “will,” “plans,” “intends,” “expects,” and similar
words. Such forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of Digital River, or industry results, to
differ materially from those expressed or implied by such
forward-looking statements. Such factors include, among others: Digital
River’s operating history and variability of operating results;
competition in the electronic commerce market; the ability of Digital
River to partner with EBANX in supporting a joint payments offering in
Brazil; the market’s acceptance of such offerings; and other risk
factors referenced in Digital River’s public filings with the Securities
and Exchange Commission.
Digital River is a registered trademark of Digital River, Inc. All
other company and product names are trademarks, registrations or
copyrights of their respective owners.
Twitter Tags: #payments, @DigitalRiverInc, @EbanxBR, #Brazil
to Tweet: .@DigitalRiverInc partners with @EbanxBR to
further expand #payments offerings in Brazil
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