InComm Payments acquires Todo Cartões, Brazil’s gift card processors
By Pavithra R
InComm Payments, a leading payments technology company, has announced the acquisition of one of Brazil’s main closed-loop gift card processors Todo Cartões. The acquisition is expected to grow InComm Payments’ presence in the country by enabling the processing and distribution of closed-loop gift cards.
“This acquisition positions us to process and distribute closed-loop gift cards for some of the greatest retailers in the country. The gift and prepaid cards market in Brazil has been growing at a double-digit rate annually*, and we’re now equipped to better serve it,” said Ricardo Olivieri, Country Manager for Brazil at InComm Payments.
Founded in 2009, Todo Cartões has an established presence in Brazil, offering a closed-loop digital and physical gift card processing platform for retailers and bulk gift card purchasing for corporate incentives. With its origins in the food vouchers, meal and discounted credit cards segment, Todo Cartão bring to the present card segment the same transaction quality and security standards required in credit and debit card operations.
“We’re very excited to join forces with InComm Payments to grow in this market, which is new and exciting to Brazilian consumers. We expect to create a one-stop-shop for retailers on all things gift card and incentives related,” said João Espíndola CEO, Todo Cartões.
Recently, InComm Payments partnered with MoCaFi to enable no-fee cash deposits at retail stores.
Established since 1992, InComm is building value to transactions through innovative payment technologies. The company creates seamless and valuable commerce experiences and offers unique products and services, ranging from gift card malls to enhanced payment platforms. Incomm has over 500,000 points of distribution, 386 global patents, and presence in more than 30 countries.
IBSi Daily News Analysis
November 30, 2023
Majority of travellers prefer cashless transactions in APAC, study showsRead More
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage