Note

April 28, 20 - 10:36 am - LABS

Acquirer Rede anticipates BRL 600 mi in sales to partner restaurants of iFood

Rede, electronic payments division of Itaú Unibanco, announced on Friday that it anticipated about BRL 600 million to bars and restaurants during the first half of April, in partnership with the food delivery platform iFood. The information is from E-commerce Brasil media outlet.

In the short term, the interruption of cash flow may have more severe effects than the lack of profit on business

Marcos Magalhães, Rede’s PRESIDENT stated in a note

Earlier this month, the Brazilian multi-brand acquirer announced that it would anticipate BRL 2.5 billion in payments during March, April, and May.