Digital payment solutions provider Emergent Payments has introduced a new secure payments offering, called Jumpstart Brazil, to enable local businesses drive their ecommerce revenues.
The new offering will provides 23 local payment solutions to help merchants and businesses expand their presence in the Brazilian e-commerce market, according to the company.
The offering features benefits including minimal tax, multiple easy integration methods, maximum conversion, supports various business models as well as increase access to payments tools.
Emergent added that currently 60% of digital transactions are performed via credit cards, while the remaining are done with one of more than 20 local methods such as Boleto.
Emergent Payments general manager of product Russell Shiffer said: "The Brazilian eCommerce market is estimated at $20 billion in 2015 with growth of 24% annually fueled by increased online usage and increased transaction sizes.
"Our merchants are looking for a payments solution that gets them total local coverage, manages fraud and chargebacks, and handles withholding tax issues. That’s what Jumpstart Brazil delivers — a simple payments solution tailored for the Brazilian market to optimize conversion rates and reduce costs."
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By GlobalData
