Tap into the
potential of Brazil's eCommerce market
As of 2021, Mexico had 89.5 million internet users, which accounted for 75.7% of the population over six
Cash remains a major payment method in Mexico. In 2021, it was the most commonly used payment method for purchases under MXN500 ($24.79), with 90.1% of Mexicans (75.4 million people) using cash, 6.2% using debit cards, 1.2% using credit cards, and 2.1% using other payment instruments.
Security concerns and a large informal sector are obstacles to Mexico's digital ecosystem
Mexico's internet users predominantly use smartphones to access the internet, with 98% relying on them for connectivity
Only 22% of Mexico's internet users buy goods online, and just 17.6% conduct banking operations online
30% of Mexico's internet users are concerned about online fraud, and 28% are not willing to share banking information online
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Boasting the largest online population in all of Latin America, nearly 173 million people in Brazil have internet connectivity as of 2023 |
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75% of the Brazilian population used a smartphone in 2021—projections show the smartphone market penetration rate surging to 84.2 % by 2026 |
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Brazilians favor international eCommerce brands over domestic ones, underscoring the need for multi-currency payment options |
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Brazil leads FinTech in Latin America and ranks 5th globally with 1,289 startups. Investment surged from $52M in 2015 to $4.5B in 2022. |
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The Central Bank reports an estimated 36 million unbanked people in Brazil, but this number has dropped dramatically in recent years |
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Brazil's enthusiastic adoption of digital payments is notable despite its cash-based culture |
Global Payments
Insights Report
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Download our free Global Payments Insights
Report and discover how the latest trends - and big picture changes / strategies (not sure what word here) - can help you optimize your payment and payout strategy and operations.
Real-time transaction processing to guarantee rapid payment processing
Optimized currency operations for seamless currency conversions and optimal rates
Robust security protocols that integrate cutting-edge protection measures to safeguard every transaction and build trust with users
payout preferences
(in local currency)
With MassPay's Brazilian payment solution, merchants can pay in their preferred currency. This gives merchants the flexibility to choose between the payment options that serve their customers better while reducing the cost of foreign exchange transactions.
Local and international
redundancy
Our Brazilian payment solution is equipped with localized support, access to local banking networks, and secure processing. This allows merchants to operate in Brazil without worrying about reliability or security issues.
Payouts
MassPay offers fast payout options that help customers get paid quickly and without hassle. This helps merchants save time and money by eliminating the need for manual processing or additional costs associated with third-party processors.
payment processing
Our secure Brazilian payment processing network is designed to protect merchant data and ensure fast and reliable transaction processing.
Cash payout partners
Turn to MassPay for easy access to local cash payout partners. Our network of partners allows merchants to pay out in a preferred currency and provides customers with more ways to get paid.
Forex
MassPay's Brazilian payment solution offers Forex features to allow merchants to make real-time exchange rate conversions, ensuring they get the best rates possible. Merchants save time and money while ensuring they have the most up-to-date currency data.
How Brazilians Pay
Creating a localized payment strategy that caters to Brazilian customers helps businesses expand their customer base and tap into the lucrative Brazilian payout market. When they accept popular Brazilian payment methods, businesses can provide customers with the speed and convenience they demand when making payments.
Comply with stringent local rules and regulations when paying local Brazilian suppliers
Enjoy a seamless experience for both sending and receiving money
Local partners receive payments quickly and accurately
Choose the best exchange rate for sending money between USD and BRL or other currencies
Tax Processes
Built For The Gig Economy.
Our frictionless contractor tax process includes everything you need to meet IRS 1099 & 1042-S requirements.
SINGLE PANE OF GLASS
FOR YOUR PAYOUT OPERATIONS
All of your payout operations are accessible from an easy to access, easy to use dashboard that is available wherever you are with whatever device(s) you prefer.
Boleto
This popular payment method in Brazil allows customers to pay for goods and services using cash or any other payment instrument at ATMs, convenience stores, banks, and post offices. Customers can also scan the barcode on their Boleto with their smartphone's camera and complete their purchase quickly. If your eCommerce store accepts Boleto, customers won't need to worry about using their credit cards.
Local Credit Cards
Local credit cards remain a popular payment method in Brazil. Now, online stores must ensure they can accept cards from major Brazilian banks, such as Itaú, Banco do Brasil, and Bradesco to accommodate their customers.
Local Debit
Brazilian customers also have the option to pay with local debit cards, which are accepted at most merchants in the country. For online merchants, accepting local debit cards simplifies checkout and allows customers to pay quickly with their preferred payment method.
Digital Wallets
Brazilians have eagerly adopted digital payment methods, including digital wallets. When your store allows customers to pay with digital wallets, such as MercadoPago and PicPay, you open up a larger customer base and increase sales opportunities.
Hipercard
Hipercard, founded in 1969, is one of Latin America's largest credit card issuers. It's a popular payment method for Brazilian customers who can use it for online and offline purchases. Accepting Hipercard can increase customers' confidence in making purchases from your store.
Detailed Reporting
COMPREHENSIVE DATA
Immediate access to real-time reporting provides comprehensive visibility into your operations. No matter what you're looking for, or where you're looking for it, it's right at your fingertips.
Ready To Grow
Your Business In Brazil?
