Allied Wallet, a UK-based provider of online payment processing offering various payment solutions in nearly 200 countries around the world, announced on Monday it recently added several new payment options to their platform to service the growing demand of alternative options in Brazil and abroad.
According to Allied Wallet, more than 55 million consumers in Brazil do not have a bank account and with over 500 million phones and 10 billion top-ups annually, digital wallets that are notably accessible through a mobile device are the future of Brazilian payments. Allied Wallet is now compatible with Boleto Bancário, Hipercard, Banco do Brasil, AstroPay Card, Santander, Elo, Bradesco, Aura, Cartao MercadoLivre, and Itaú.
Speaking about the Brazilian expansion, Dr. Andy Khawaja, CEO of Allied Wallet, stated:
“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. 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.”
Founded in 2002, Allied Wallet describes itself as a global leader in online credit card processing / payment processing, multi-currency merchant services, digital eWallet solutions, software development, and a provider of a PCI Level 1 payment gateway.