Worldline partners with Bexs Pay on cross-border remittance in Brazil
Worldline SA (EPA:WLN), an expert in the area of payment and transaction services, announces a partnership with Bexs Pay, a leading Brazil-based payment provider, to launch a cross-border remittance product for online payments from Brazil.
The product combines Bexs Pay’s wide range of payment methods with Worldline’s ability to process payments without the need for a local entity, making it a powerful solution for international online businesses.
The Worldline / Bexs Pay cross-border remittance solution has been designed to specifically cater to the needs of global online businesses with no local entity in Brazil, providing them with easier market entry and competitive pricing. This further illustrates the exciting opportunity the strategic partnership between Worldline and Bexs Pay presents – one that will combine Bexs Pay’s expertise of Brazil and extensive knowledge of FX transactions with Worldline’s global reach and expert payment capabilities to the benefit of international merchants.
As a key aspect of the partnership, the product will target a constantly growing market and will help online businesses on a variety of fronts, such as selling goods and services to Brazilian consumers and supporting them with both local card and payment methods.
The partnership between Worldline and Bexs Pay will deliver key benefits to customers including:
- A wide range of payment methods including popular payment methods Pix, an instant direct bank transfer launched one year ago by the Central Bank of Brazil, and Boleto, a cash-based payment method that can be used by consumers without a bank account. These payment methods cover a large group of consumers, increasing conversion rates;
- Help facilitate local transactions without the need for a local entity;
- Offer instalment and recurring payment capability and offer funds remittance out of the region in USD or EUR, controlling the currency value through a smart hedge technology;
- Pass on taxation, risk, compliance and applicable scheme rules;
- Support online businesses comply with local rules and taxation requirements.