BRAZIL | PagBrasil launches Boleto Flash - its own innovative payment method that has been designed for the growing Brazilian e-commerce market. In October last year, PagBrasil already launched Boleto Express to speed up Boleto payments and ensure for a Boleto bancário refund option. Now PagBrasil goes one step further with Boleto Flash.
Boleto BancárioBoleto Flash is an advanced form of boleto bancário, a payment system introduced in 1993, long before e-commerce became important. After credit cards, Boleto bancário is the second most important online payment method in Brazil. The system is secure, with no chargebacks, is broadly accepted and accessible to anybody, even for kids buying their gaming credits or for the still 55 million unbanked adults in Brazil. Its only disadvantage is that payments are confirmed with a delay of several days.
Boleto FlashPagBrasil’s unique Boleto Flash technology solves the problem of the delay between actual purchase and payment confirmation, maintaining the advantages of the boleto system any Brazilian is familiar with.
Boleto Flash is a payment slip generated instantly online which can be paid easily via Internet banking, at ATMs or at any branch of associated banks. Once paid, PagBrasil confirms the payment within a few hours – instead of days as in the case of the traditional boleto bancário – and pushes the confirmation to the merchant.
Close the Gap“We are really excited about the launch of Boleto Flash. Having realized that there was a growing mismatch between an e-commerce economy expanding into all groups of the Brazilian society and the lack of adequate payment options, our aim was to build a payment technology to close that gap and we are happy to have achieved that now with Boleto Flash”, Ralf Germer, CEO and co-founder of PagBrasil, comments.
About PagBrasilPagBrasil is one of the leading payment service providers in Brazil designed for Brazilian and international e-commerce retailers and businesses. Merchants gain access to the broadest set of local payment methods, which may immediately multiply online sales within Brazil. For more information, visit PagBrasil's profile.
Article sourced from Press Release by PagBrasil, June 18th, 2015