Fiserv, Caixa Debut Card-Based Payments Service For Brazil’s Businesses

Caixa-branded point-of-sale (POS) terminals will now be available in Brazil through an agreement with Fiserv, according to a press release. They’ll be available at all 4,300 Caixa branches.

Businesses can take payments from debit or credit cards or vouchers, along with QR codes, such as payments made with the Caixa Tem app, the release stated.

“The national expansion of our partnership with Caixa underscores the important role Brazil can play in driving the adoption of digital payments in the Latin America region,” said Fiserv Head of Latin America Gustavo Marin in the release. “Digital payments can bring significant benefits of efficiency, security and ease-of-use to businesses and consumers, and making these benefits available through the expansive Caixa customer base has the potential to transform how people pay in Brazil.”

The POS terminals will allow Brazilian businesses to sell more securely, manage their business from their mobile phones and access credit from anticipated sales, the release stated.

“We are committed to popularizing the early availability of receivables, an important resource for millions of small and medium-sized businesses that can access the value of anticipated sales at a competitive cost,” said Fiserv Head of Brazil Edson Nassar in the release.

In June, Fiserv hired or promoted three executives.

Read more: Fiserv Taps Visa’s Suzan Kereere As Chief Growth Officer

Suzan Kereere joined the company as chief growth officer, a new position. Kereere, who has expertise in payments and technology platforms, will work on strategy, acquisitions, and business development initiatives. Most recently, Kereere served as global head of merchant sales and acquiring at Visa. Her background also includes leadership roles at American Express, including head of its U.S. national merchant business and head of its global network business.

The others were Guy Chiarello, who was the chief administrative officer was promoted to chief operating officer, and Adam Rosman, who rejoined as the company’s chief administrative officer and chief legal officer.