Payza integrates with Boleto for local payments in Brazil. Boleto (Boleto Banc¡rio) is the most popular solution for invoice payments in Brazil. Being a global payment platform Payza has introduced Boleto as a funding option for Brazilian consumers. Payza also announced today it has added support for the Brazilian Real, allowing users in Brazil to hold e-wallet balances in their local currency.
Boleto allows residents to transfer money online in an instant, secure and affordable way. It covers accounts more than 20% of all online payment in the country. The new Payza's service "Add Funds by Boleto" opens up the opportunity for the local residents to fund Payza wallets with the popular local online payment method and also use Payza for making purchases or sending money online.
Mr. Firoz Patel, Payza's global executive vice president is sure that Boleto integration is just a start of a long road to make e-commerce for Brazilians as much more convenient as possible. He is also sure if things go on like that and Payza kees on working with local partners in Brazil and entire region of South America in the future more and more people will be able to access to the money online industry.
Boleto Banc¡rio is regulated by the Brazilian Federation of Banks (FEBRABANK). It has been designed to be a secure and inclusive payment method for e-commerce transactions. To work with Boleto local business needs only a bank account in Brazil and an account with Boleto to get integrated with the e-commerce solution.
A Boleto Banc¡rio is a financial document, like an invoice, that enables a specified amount to be transferred within a defined time period. Regulated by the Brazilian Federation of Banks (FEBRABANK), Boleto has been designed to be a secure and inclusive payment method for e-commerce transactions. For foreign merchants selling into Brazil, a third-party such as Payza can be used to accept payments that originate in Boleto without the need for a local Brazilian bank account. Payza also enables the step-by-step instructions on how to use Boleto on the official Payza blog.
