April 01, 20 - 3:44 pm - LABS

Acquirer Rede will anticipate BRL 2.5 billion in sales to partner restaurants of iFood

According to the Valor Econômico newspaper, the Brazilian multi-brand acquirer Rede partnered with the delivery app iFood to anticipate payments with cards for bars and restaurants registered for more than a month on the platform.

The transfer is usually done in 30 days.

During March, April and May, BRL 2.5 billion (about $477 million) in sales made through iFood will be anticipated.