Allied Wallet, a leading provider of online payment processing offering various payment solutions in 196 countries all over the world, recently added several new payment options to their platform to service the growing demand of alternative options in Brazil and abroad.
Brazilian e-commerce and mobile commerce are growing in popularity every day. In turn, digital eWallets are expected to double in popularity to 31% by 2021 with a worth of $23.7 billion USD.
In Brazil, over 55 million consumers do not have a bank account, hence, the popularity of alternative payment options. With over 500 million phones and 10 billion top-ups annually, digital wallets that are accessible via a mobile device are the future of Brazilian payments.
Brazil’s population is just over 200 million. 56% of their population are online and 38% use a smartphone.
Allied Wallet is now offering several of the most popular alternative payment options in Brazil, as they are now compatible with Allied Wallet’s digital eWallet services.
Allied Wallet is now compatible with Boleto Bancário, Hipercard, Banco do Brasil, AstroPay Card, Santander, Elo, Bradesco, Aura, Cartao MercadoLivre, and Itaú.
The average internet user in Brazil spends about $560 USD online and online shopping is expected to grow 64% in the next three years (Forrester); however, 47% are concerned about security online.
Brazil has the sixth largest economy in the world, even larger than the United Kingdom, Russia, Italy, and India. Allied Wallet has made their digital eWallet the most compatible digital wallet solution for Brazil by servicing all their preferred payment options to help secure their growing online shopping demand.
Dr. Andy Khawaja – CEO of Allied Wallet – said, “Facts show that eWallets will equal payment cards as the most popular payment method globally. According to Business Insider, mobile payments will reach $503 billion by 2020.”
He added, “We have been in the business for over a decade now, we want to continue connecting all the most popular payment options to give users access to the most secure and most advanced payment platform in the world. That is Allied Wallet’s goal, and so far, I believe we’re doing a great job.”
Allied Wallet now services brands like Boleto Bancário, which generates 3.7 billion transactions per year and accounts for 25% of all online payment transactions.
They’ve integrated Hipercard, which has 470 thousand accredited establishments and more than 13 million cards issued, and even AstroPay, which has been ranked by Forbes as one of the top FinTech startups to watch, offering a safe, prepaid payment method that requires no personal data with zero chargeback risk.
As e-commerce continues to see steady growth in Brazil, Allied Wallet proudly announces that all these new payment methods are compatible, and they are happy to give consumers and business owners of Brazil a more advanced, secured way to transact.
About Allied Wallet:
Allied Wallet continues to revolutionize the e-commerce industry by introducing new and innovative payment processing solutions for online merchants, enabling them to send and receive global payments. With PCI compliant merchant services for nearly any business size, Allied Wallet provides a state-of-the-art payment gateway to optimize online transactions. Please visit www.alliedwallet.com.