The acquisition benefits both online merchants and online customers -
merchants will be able to manage the risk of chargeback transactions and
online customers will have higher security on their online purchases with
the possibility of blocking payments to the merchant within 14 days if the
product is not received
SAO PAULO, Brazil, Jan. 24 /PRNewswire/ -- BuscaPe
(http://www.buscape.com), owner of the largest Latin American price
comparison site, announced the acquisition of Pagamento Digital
(http://www.pagamentodigital.com.br), an online payments management
platform that puts together a electronic payment methods gateway (credit
cards, bank payment certificates and electronic transfers) and a chargeback
transactions risk analysis platform (e-commerce and telesales). Pagamento
Digital acts as an intermediary between the seller and buyer, ensuring both
is satisfied with the completed online transaction.
Pagamento Digital currently has more than 500 clients, with a GMV
forecast of R$ 20 million through 2008. The deal's main objective is to
offer higher security to merchants and customers who participate in
electronic commerce. "Retailers who have or plan to have an Internet sales
operation will have a complete platform at their disposal for their online
activities, with payment method solution totally integrated with the
already famous BuscaPe price comparison system," said Romero Rodrigues,
founder and President of BuscaPe.com Inc. (http://www.buscape.com)
BuscaPe Financial Services, responsible for the acquisition, is managed
by Rene Abe, BuscaPe Vice-President and Financial Market Executive, who has
vast experience in the online financial products market. According to Abe,
the user will have products and financial services at their disposal
adapted for online consumers, with an emphasis on control and management of
risk exposure in the e-commerce environment. "As well as the advantages for
the merchants, the clients of virtual shops will also have higher security
with the possibility of blocking payments to the merchants if the product
they bought has not been received or damaged," Abe added.
In the online sales market, it is still common for merchants to not
have access to important payment methods for their operation. With
Pagamento Digital, a simple, seamless and easy integration payment method
will be offered, 100% adapted for online sales promotion needs (through
installment loans and/or products with online credit cards, e-CDC
(Electronic Commerce for Developing Countries) or electronic credit
assignment), cash-flow management (by the anticipation of the merchants'
receivables thru bank partnerships) and, mainly, the guarantee that the
merchant will receive the sums by the management of chargeback sales risk.
For consumers, the proposal offers not only more attractive installment
and payment conditions, but also convenience and security with the
possibility of blocking payment to the merchant if the product is not
received or is damaged.
Pagamento Digital was founded on an idea from Tray Sistemas -- a
company that develops solutions for electronic commerce, focused on small-
and medium- sized companies -- to offer shops payment methods that they
themselves develop, but discovered that the big problem was how the
payments would be made.
"For us, it is an honor to be alongside one of the Brazilian Internet
pioneers. We undoubtedly have a lot to learn with BuscaPe, and we hope to
travel together on the road to success that they have always been on since
their founding," added Walter Marques, Administrative Director of Pagamento
Digital.
For Romero Rodrigues, the acquisition is of a strategically fundamental
character: "All parts of our group took part in the decision-making process
for the purchase. BuscaPe, Bondfaro and Central de Desejos have a strong
presence in the pre-purchase phase, helping the user decide what and where
to purchase, while units like e-bit and QueBarato are in post-sales,
collecting market information and allowing users to freely sell their
products. Pagamento Digital will at last integrate the two parts of the
process, making the sales cycle complete," he stated.
About BuscaPe
Creator of a product search and price research service offered at
http://www.buscape.com.br since June 1999, Grupo BuscaPe.com
(http://www.buscape.com) is made up of media companies focused on the Latin
American e-commerce purchase decision process. Receiving more than 30
million hits every month and present in 28 countries, BuscaPe is the
absolute leader in purchase decisions in Latin America.
Its main companies are:
BuscaPe (http://www.buscape.com.br): Leader in price comparison,
present in Brazil, Mexico, Argentina, Chile and Colombia; BuscaPe compares
prices of more than 7,000,000 products sold by 60,000 companies. It is also
responsible for shopping on more than 100 portals, including Microsoft MSN,
Yahoo, Abril, Globo and Terra.
Bondfaro (http://www.bondfaro.com.br): Leader in product research and
information, Bondfaro helps consumers decide which is the right product to
buy. With greater focus on products, the site offers videos and evaluations
from their own specialists, as well as from users themselves.
e-bit (http://www.ebit.com.br): At the forefront in the development of
electronic commerce in Brazil, e-bit is becoming recognized as the most
respected source of e-commerce information, with more than 5.5 million
searches carried out since 2000 in more than 1,500 affiliated virtual
shops. From 2008 on, it will increase its presence in the following Latin
American countries: Argentina, Chile, Colombia and Mexico.
QueBarato! (http://www.quebarato.org): Absolute leader in free
classified advertisements, the recently launched QueBarato is present in 28
Spanish or Portuguese speaking countries, allowing people to advertise
their products, services, cars and properties in a fast, efficient and free
manner.
About Tray Sistemas / Pagamento Digital
Tray Sistemas (http://www.tray.com.br) develops solutions for
electronic commerce (virtual shops suites, with all e-commerces features,
from product exposure to checkout systems), focused on small and
medium-sized companies and created Pagamento Digital
(http://www.pagamentodigital.com.br) -- online payment platform -- to offer
payment methods to the shops that the company itself would develop after
discovering how big was the way payments would be made.
SOURCE Buscape
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Related links:
http://www.buscape.com
http://www.buscape.com.br http://www.bondfaro.com.br
http://www.ebit.com.br http://www.quebarato.org
http://www.tray.com.br http://www.pagamentodigital.com.br
CONTACT:
Fabiana Tam, BuscaPe, +011-55-11-3047-4999,
bia@ebit.com.br
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