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Broadband

Wirecard acquires Brazilian online payment service provider

Tuesday 23 February 2016 | 09:45 CET | News
Wirecard has acquired all shares of the Brazilian internet payment service provider Moip Pagamentos. The Sao Paulo-based company has developed a payment platform for small and medium-sized retailers and focuses in particular on marketplaces and companies with direct sales. During Q4 2015, Moip surpassed the threshold of BRL 1 billion in annual total payment volume, serving close to 100,000 customers in Brazil. The acquisition by Wirecard will enable Moip to reach broader markets in Latin America. The considerations in connection with this transaction comprise cash payments of EUR 23.5 million

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Categories: Internet
Companies: Wirecard
Countries: Brazil
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