Wirecard is expanding its reach in Brazil by enabling small businesses and to send funds and pay bills through its digital platform, with plans to add card payments this year.
Targeting a growing base of entrepreneurs in a country where 33% of the population lacks a bank account, Germany-based Wirecard is testing the new features before a broad rollout in October, according to a Monday press release.
The key feature Wirecard is introducing is the ability for small businesses to transfer funds to third parties and pay bills to other users of the platform, Wirecard said in the release.
“These new financial features are part of a larger project that will allow our customers to use the money from their sales in various ways, all through one platform, regardless of the business model,” said Igor Senra, managing director of Wirecard Brazil, in the release.
