March 25, 20 - 6:02 pm - LABS

Brazilian acquirer Rede will provide extra card machine at no cost

Photo: Rede’s Facebook account

The Brazilian card processor Rede, owned by the largest bank in the country, Itaú, will provide card machines to its customers at no cost, due to the consequences of the coronavirus pandemic. Rede usually charges for its machines via rental model.

We need to support the strong acceleration of digital retail, especially in delivery operations

Marcos Magalhães, CEO at Rede, in a press release

For the company’s CEO, it is important to ensure the ongoing support to retailers that focus on face-to-face sales. The company expects to anticipate BRL 5 billion in receivables for purchases with credit cards to customers this month at no cost, according to an offer that has been made to all customers since December, regardless of bank address. The information is from Valor Econômico newspaper.