mPOS company SumUp has launched in Brazil, with a newly opened office in São Paulo.
The company intends to expand its service throughout Latin America, where it says its Chip & Signature card reader will enable SMEs with tablets or smartphones to accept major credit cards, including MasterCard, Visa, American Express and ELO.
Go deeper with GlobalData
Already active in 12 countries across the globe, including Germany and Russia, SumUp follows competitor iZettle in setting up in the South American country.
Commenting on the launch Jan Deepen, co-founder of SumUp, said: "Brazil is home to more than 22m SMEs and micro-businesses and thousands of new ones are started every day.
"Providing them with a simple and affordable way of accepting card payments will dramatically affect how they can grow their business – whether they’re city-based or in a remote rural area."
Fresh from the announcement of a 5m ($6.7m) deal with Santander, aimed at providing its product in Britain, SumUp has said it is preparing to offer the service at what is currently the lowest fee on the Brazilian market.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataRelated articles:
AnywhereCommerce to release enhanced mobile payment device in Paris
Thales and Spire Payments deliver secure, trusted and reliable mobile payment solution
Miura set to revolutionise retail payment market with the new, M007 mobile Chip & PIN device
