Poynt, maker of the world’s first smart payment terminal, has signed an exclusive partnership with Rede, a subsidiary of Itaú Unibanco, that will make the Poynt Smart Terminal available to Brazilian merchants beginning in 2016.
The payments device enables merchants to manage their businesses electronically and directly through the terminal and the web.
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Poynt said that its Smart Terminal integrates the unlimited versatility of mobile devices with the latest payments technology in a future-proof multi-purpose device.
The solution has been designed to accept all payments methods including traditional magnetic stripe cards, EMV (chip and PIN), NFC, QR code, and beacon.
Poynt founder and CEO Osama Bedier said: "Brazil has a very sophisticated payments market, truly one of the most advanced in the world. This makes it the ideal country for us to introduce the Poynt Smart Terminal internationally.
"We are thrilled to be working with such an incredible partner in Rede and to help the country continue to push the boundaries of what’s possible in payments and commerce."
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By GlobalDataRede CEO Milton Maluhy Filho said: "This new partnership will allow Rede to offer a pioneering and innovative solution for electronic payments in Brazil.
"We will provide applications to improve the shopping experience through the Poynt Store, build a cloud connection to the countertop, and develop enhanced services to create new revenue streams for the merchants and offer more convenience for the customers."
