DataCash partners with Redecard to provide payment solution for Brazilian market

datacashMasterCard’s DataCash announced on Wednesday it has partnered with Redecard, a subsidiary of Latin American bank Itau, to establish an e-commerce solution for the Brazilian market.

DataCash will provide Redecard with its payment gateway, which is connected to a number of suppliers to simplify the payment process.

“We have over a million clients who see us as a synonym for tradition and cutting edge technology in payment methods,” Redecard Executive Director Marcelo Kopel said. “We will bring all of this experience to the ‘online world’ to address all of the challenges and demands this market presents.”

The product will offer link suppliers in the payment transaction with a single, secure platform, thereby enabling merchants who adopt Redecard to accept and process a number of payment methods.

“The Brazilian market is one of the world’s most rapidly growing eCommerce markets,” DataCash President Ajay Bhalla said. “DataCash’s payment gateway not only meets Redecard’s specific need for a platform that can process payments from multiple sources, but also has the flexibility to up-scale as Redecard further expands its footprint in Brazil. Ultimately this flexibility can be offered to merchants, ensuring they are able to meet the growing demands of the end consumer to transform the digital payments experience.”

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