Latest News for: Brazil merchant

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Nubank to Lower Price Range for Its Planned IPO

Finance Magnates 30 Nov 2021
Although the valuation is lower than the prior numbers set by the company, it would even be higher than Itaú Unibanco, Brazil’s biggest traditional lender ... Last month, the Spanish bank Banco Santander SA announced that Getnet Brazil, its merchant payment business, will begin trading on the B3 stock exchange in Sao Paulo.
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EXCLUSIVE Major commodities traders sue Brazil coffee farmers for defaults

Reuters 04 Nov 2021
Arabica coffee prices have rallied some 60% this year due to climate turmoil in Brazil ... The high rate of defaults could push futures, already near seven-year peaks, up further as the market depends on forward selling from Brazil to temper price rises, said a second Europe-based trader at a global merchant.
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Exclusive-Major commodities traders sue Brazil coffee farmers for defaults

Metro USA 04 Nov 2021
Arabica coffee prices have rallied some 60% this year due to climate turmoil in Brazil ... The high rate of defaults could push futures, already near seven-year peaks, up further as the market depends on forward selling from Brazil to temper price rises, said a second Europe-based trader at a global merchant.
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Santander's Getnet valued at $1.32 bln in trading debut

Reuters 19 Oct 2021
Brazil's third-biggest card processor, Getnet reached a valuation close to the country's leading card processor, Cielo SA (CIEL3.SA), which has a market capitalization of 7.1 billion reais ... Currently Getnet operates in Brazil, Mexico, Argentina, Chile and Uruguay.
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Square rival SumUp buys customer loyalty startup Fivestars in US push

TechRadar 14 Oct 2021
This is SumUp’s first acquisition on US soil, but it currently supports more than three million merchants globally, operating in 34 markets across Europe, the US, Brazil, and Chile ... as it is in Europe and, by acquiring Fivestars, SumUp will deliver for U.S.-based merchants as it has in other international markets.”.
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Millions of Wix Merchants Can Now Accept 12 Different Cryptocurrencies

Bitcoin 12 Oct 2021
SaaS Platform Wix Implements Bitpay Infrastructure So Merchants Can Accept Crypto ... According to the announcement, in the first stage of the Wix rollout, Wix merchants and their customers will be able to use the Bitpay service in the U.S., U.K., Germany, Canada, Australia, and Brazil.
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Getnet Brazil to Begin Trading in Sao Paulo and New York Stock Exchanges

Finance Magnates 06 Oct 2021
Spanish bank Banco Santander SA announced that Getnet Brazil, its merchant payment business, will begin trading on the B3 stock exchange in Sao Paulo starting October 18 ... With the maneuver, Getnet Brazil expects to leverage the full potential of its business by diversifying the revenue sources ... PagoNxt and Getnet Brazil Roles.
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Nuvemshop Enters SMB Logistics Market with Acquisition of Mandaê

Finger Lakes Times 01 Oct 2021
As one of the primary tech players focused on logistics in Brazil, Mandaê provides services ranging from the collection of orders placed on the merchant's website to delivery to the final destination, leveraging its own assets and those of multiple carriers ... rapidly in Brazil.
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Brazil port regulator targets Bunge, two port agencies in probe

Hellenic Shipping News Worldwide 15 Sep 2021
Brazil’s port regulator targeted the local unit of global grains ...
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Brazil truckers block highways, Bolsonaro asks protestors to stand down

Metro USA 09 Sep 2021
Brazil’s grain exporters association ANEC, which represents global merchants such as Cargill and Bunge, said the blockades were not currently affecting grain shipments to ports ... A massive truckers’ strike in 2018 ground Brazil’s economy to a halt and destroyed the remaining political capital of then-President Michel Temer.
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What Shopee's entry into India mean for online shoppers

Beijing News 06 Sep 2021
In 2019, Shopee started its South American foray by launching in Brazil ... Today, Shopee is the most downloaded shopping app in Brazil and has been for the last eight successive quarters ... In Singapore, the majority of sellers are from China but in Brazil, it has more local sellers than cross-border merchants.
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TecPlata signs agreement to link Port of Santa Fe to Brazil, Asia

The Manila Times 18 Aug 2021
The signing ceremony was also attended by Leonardo Cabrera, undersecretary of Ports, Water-ways and Merchant Marine of Brazil; Jos� Mar�a Lojo, La Plata Port president; Claudio Mais-sonave, Newport Management general manager; Nicol�s Cassanello, Santa Fe Port Administra-tive ...
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What does Brazil’s new receivables regulation mean for fintechs? Share on Twitter

Crunch 17 Aug 2021
Something strange is afoot in Brazil, and it promises great changes for how merchants get paid ... Unlike in the rest of the world, when a credit card is used for payment in Brazil, the merchant does not receive the funds owed to them all at once ... own obligation to pay the merchant.
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Brazil’s Nuvemshop raises $500M at a $3.1B valuation months after last raise

Crunch 17 Aug 2021
The company’s platform serves more than 90,000 merchants across Brazil, Mexico, and Argentina, ranging from direct-to-consumer (DTC) upstarts to more established brands such as PlayMobil, Billabong, Colombraro, Zaira Beauty, Osram, Lolja, Vitabe and StrappyCo ... “Most merchants have ...

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