Payment technology firm Payscout has entered into a commercial and technological agreement with Brazilian fintech Rede Celer to expand operations in Brazil’s financial transaction market and in countries on six continents.
The alliance is said to be mutually beneficial, enabling the two parties to increase market share in Brazil and across the globe.
Under the agreement, Rede Celer will distribute Payscout products in Brazil and Latin America.
On the other hand, Payscout will market Rede Celer´s offerings on the international market.
Payscout president and co-founder Manpreet Singh said: “Together we will continue to grow in the financial transactions market, both in online and offline sales channels, and reinforcing our leadership in our respective markets – Rede Celer with a focus on the offline domestic market and Payscout with a focus on the online domestic and international markets.
“Brazil is a very important emerging market for merchants around the world, and we will be the gateway for those who wish to sell to Brazilian consumers.”
The partnership will focus on helping Brazil’s payment firms and merchants to gain access to a payments platform in the world without having to leave the country.
It will also allow national Brazilian firms to expand their operations globally and also enable international merchants to gain access to Brazilian consumers.
Moreover, Payscout has international agreements with Visa, Mastercard, as well as UnionPay International.
Payscout is a Principal Member and Global Acquirer of Unionpay.
Both Rede Celer and Payscout will now gain access to these payment rails.
Rede Celer CEO Linconl Rocha said: “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.”