São Paulo - PayU, a global online payments, announced that it will enter the Brazilian physical retail. Until then, the company had no physical operation.
The deal will be done in partnership with Global Payments Brazil, the world leader in electronic payment technology, which will provide knowledge about the machines cards.
The purpose of the PayU, which operates in the same PayPal segment PagSeguro and Paid Market, for example, is to increase the options available to its customers.
"We are expanding our portfolio of solutions to offer our partners more service options and competitive advantages that go beyond the online", says Marcos Marins, CEO of PayU in Brazil.
On the other hand, the Global Payments seeks to consolidate the Brazilian market. The company's activities in the country covers both the traditional retail as e-commerce.
The online payment solution PayU has more than 7 million active buyers and 40,000 webshops accredited in Brazil.
It operates in 16 countries in Asia, Eastern and Central Europe, Latin America, Middle East and Africa. He entered Latin America through the acquisition of pagosonline and DineroMail.
In January 2014, Brazilian companies Bcash and Fcontrol left the Buscapé Company and became part of the group Naspers.Ltd with PayU name.
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