PagBrasil partners with APACPAY to offer flexible payment services for Asian e-commerce businesses selling into LatAm’s largest market
PagBrasil, a leading Brazilian fintech company processing payments for e-commerce businesses worldwide, announces a strategic partnership with APACPAY, a Singapore-based payment service provider which owns a comprehensive range of products and services providing merchants with customized full-service solutions. The integration of the two platforms is now finalized and APACPAY’s clients can start benefiting from the broadest set of local payment options.
As a full-service payment platform focused on the Brazilian market, which represents more than 40 percent of all e-commerce revenues in LatAm, PagBrasil has created a comprehensive infrastructure for the Brazilian market. Its proprietary payment platform provides services ranging from payment processing and money collection to currency exchange and cross-border remittances. A wide array of payment methods, including Boleto Flash®, PEC Flash™, local debit cards, and installment-enabled domestic credit cards, enable merchants to provide optimized payment according to local paying habits.
“Brazil’s e-commerce market has not ceased to attract international attention in the past few years and is now back at double-digit growth rate. However, the market’s particularities in terms of payment methods, as well as the country’s regulatory framework and its overly complex tax system, can restrict market entry,” explains Ralf Germer, co-founder and co-CEO at PagBrasil. “This partnership is a logical step towards enabling merchants to expand to Brazil more easily. APACPAY’s extensive merchant network can now efficiently sell in Brazil, offering local payment methods through PagBrasil’s payments platform.”
APACPAY’s payment technology provides merchants with an innovative payment solution with a strong focus on delivering best in class payment processing. Its payment gateway delivers a complete solution to consumers globally to process transactions efficiently and securely. It intelligently routes transactions across acquirers and provides immediate accesses to more than 200 alternative payment methods around the world. APACPAY’s latest risk management service, i-RiskCloud, deploys big data and artificial intelligence effectively to combat daily fraud attempts, predicting fraud patterns to protect merchants from potential losses.
“The partnership with PagBrasil further enhances APACPAY’s position as a leader in bridging businesses to payment technologies in emerging markets in Southeast Asia, the Middle East, and Latin America. By combining the open technology of both our companies, merchants can look forward to more robust connectivity and a proven conversion rate that is unparalleled,” says Gavin Byron, Chief Operation Officer APACPAY.