|By Business Wire||
|August 12, 2014 09:01 AM EDT||
Digital River, Inc. (NASDAQ: DRIV), a leading global provider of Commerce-as-a-Service solutions, today announced an expansion of its Brazil payments offerings through a partnership with EBANX, a cross-border payments processor in Brazil and Latin America. Since 2007, Digital River has been facilitating payments in Brazil as a reseller and payments gateway. The joint Digital River and EBANX offering will provide companies of all sizes a turn-key solution for processing local online payments, including installments, in Brazil.
Without having to take on the high cost of establishing a local entity in Brazil, the joint solution enables online merchants to:
- Quickly set up and start processing online payments in Brazil through a direct API or a hosted payment page;
- Increase authorization and conversion rates by accepting local payment options, including Boleto Bancario and cards;
- Consult with Digital River’s local, knowledgeable support staff in the Brazilian market; and
- Gain access to payments tools that include online payment processing and authorization, recurring billing and batch processing.
“Brazil is the fourth largest payment card market in the world,” said Souheil Badran, senior vice president and general manager of Digital River World Payments. “A number of our clients view Brazil as a strategic growth opportunity. We can help them navigate this highly complex market for cross border commerce, improve their authorization and conversion rates, and control overhead costs and risks associated with managing their own local entities.”
Digital River offers merchants entering Brazil three different business models that can evolve with their payment processing needs. The company leverages its own local entities to serve as a reseller for businesses that don’t have a local presence in Brazil, offers a payment gateway for merchants with their own local entities, and now provides a fully integrated offering through the partnership with EBANX.
“With EBANX, we expanded our existing payments offerings in Brazil and added another option for our clients to capture more market share in this thriving ecommerce market,” added Badran.
“Partnering with an ecommerce and payments leader like Digital River helps EBANX reach a greater number of merchants that are looking to Brazil as their next ecommerce frontier,” said Alphonse Voigt, CEO at EBANX. “As merchants prepare to enter Brazil, they must understand the intricacies of market dynamics, regulations, tax structures and payment processing schemes. Together with Digital River, we can lend our local payments expertise to help them drive more revenue in a complex market.”
To learn more about Digital River’s payments offerings for Brazil, please visit Digital River in person at Fórum E-Commerce Brasil 2014 in São Paulo on August 12-13, 2014, by email at [email protected] or online at http://www.digitalriver.com/contact-us.
About Digital River, Inc.
Backed by 20 years of ecommerce experience, Digital River is recognized as a leading global provider of Commerce-as-a-Service solutions. Companies of all sizes rely on Digital River’s multi-tenant, SaaS commerce, payments and marketing services to manage and grow their online businesses. In 2013, Digital River processed more than $30 billion in online transactions, connecting B2B and B2C digital products and cloud service companies as well as branded manufacturers with buyers across multiple devices and channels, and nearly every country in the world.
Digital River is headquartered in Minneapolis with offices across the U.S., Asia, Europe and South America. For more details about Digital River, visit the corporate website, follow the company on Twitter or call +1 952-253-1234.
In addition to the historical information contained herein, this press release contains forward-looking statements, such as statements containing the words, “will,” “plans,” “intends,” “expects,” and similar words. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Digital River, or industry results, to differ materially from those expressed or implied by such forward-looking statements. Such factors include, among others: Digital River’s operating history and variability of operating results; competition in the electronic commerce market; the ability of Digital River to partner with EBANX in supporting a joint payments offering in Brazil; the market’s acceptance of such offerings; and other risk factors referenced in Digital River’s public filings with the Securities and Exchange Commission.
Digital River is a registered trademark of Digital River, Inc. All other company and product names are trademarks, registrations or copyrights of their respective owners.
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