Strong Growth...,PagPop deal has it PagPop has about 70,000 clients, mostly comprising low-income independent professionals.
The first phase of this partnership will allow Now Prepay to start capturing payments, and debit and credit transactions, through PagPop's solution. VendTek expects to launch during the first half of 2014.
"PagPop's solutions have helped meet the growing needs in the mobile payment market. Since approximately 60 per cent of Brazil's population is unbanked, mobile payments are one of the only options to help households and small businesses make and accept payments. This is an agreement that will be beneficial to both companies as we can utilize each other's networks to grow," said Doug Buchanan, president and chief executive officer of VendTek Systems.
"By 2016 we intend to achieve a base of 300,000 clients, and the partnership with VendTek will certainly help us achieve that goal through offering low-income clients and independent professionals efficient and accessible options of financial and payment services," evaluated Macio Campos, PagPop's CEO.