The partnership will expand online payment solutions for Brazilian companies and make it easier for international merchants to enter the Brazilian market
Payscout, a global payment technology company, has signed a commercial and technological agreement with Rede Celer, a Brazil-based fintech that supports small and medium-sized entrepreneurs in the fintech and sub-acquirers segments to enter the payment methods market, with the objective of expanding business in the financial transaction market in Brazil and in countries on six continents.
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The partnership and technological integration will allow Rede Celer to distribute all Payscout products in Brazil and Latin America. Likewise, Payscout will market all Rede Celer´s products on the international market. The partnership is strategic for both to expand market share in Brazil and globally.
The strategic alliance will focus on three areas of opportunity: The first is to help payment companies and merchants in Brazil to access the most innovative payments platform in the world – without having to leave the country. It will also enable national Brazilian companies to expand their businesses to countries on all continents and, conversely, help international merchants securely access Brazilian consumers.
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Payscout has international agreements with the world’s largest card brands, including Visa, Mastercard, and UnionPay International. In the case of UnionPay, Payscout is a Principal Member and Global Acquirer. Access to these payment rails will be shared by both companies, allowing, for example, a Brazilian retailer who is a Rede Celer customer to accept UnionPay cards in its e-commerce channels from consumers located anywhere in the world.
“We are companies with very aligned views and, moreover, many complementary skills, ” said Linconl Rocha, CEO of Rede Celer. “We will consolidate ourselves in the virtual world alongside the greatest specialists on the planet and, at the same time, help the Brazilian market to access international consumers. In return, we will enable international players to enter the Brazilian market. It is another big step towards accelerating all our partners. After all, we are a fintech for fintechs.”
