Netgiro Systems, a leading global payment service provider and business unit of Digital River, (NASDAQ:DRIV), announced it has expanded its payment offering into Latin America.
The company is now supporting the online processing of domestic credit cards in Mexico and Brazil, the preferred payment method for the vast majority of online shoppers in the region.
"Many times local credit cards are restricted for cross-border online shopping, which can lead to a decline in successful transactions and significant loss in revenue for e-merchants," said Johan Hard, managing director of Netgiro Systems. "By taking advantage of our locally adapted payment solution and connections to regional bank partners in Latin America, e-merchants can break through these barriers and increase their sales in one of the fastest growing e-commerce regions in the world."
Drawing upon its relationship with banks worldwide and its international payments platform, Netgiro offers online merchants global online payment solutions that are tailored to their target markets, industry and risk tolerance. Netgiro delivers its technology and services, which are designed to help expand international reach and simplify payment administration, as a stand-alone payment solution as well as an integrated part of Digital River's global e-commerce offering.
"Digital River remains committed to supporting global online markets at local levels and continues to take steps to provide companies with the payment processing technology and tools they need to grow outside of their native regions," said Paul Bridgewater, Digital River, vice president of global payments. "By expanding Netgiro's payment processing capabilities to Latin America, we can broaden Netgiro's opportunities in its core markets, which include travel, hospitality, entertainment, telecommunications and retail service-related industries."