Brazil-based card payment processor Cielo announced the purchase of US payment solutions provider Merchant e-Solutions for $670 million. Cielo is currently the leading card payment processor in Brazil and, along with its smaller competitor Redecard, controls about 80 percent of the Brazilian market. Analyst Craig Maurer says Cielo’s purchase of Merchant e-Solutions should be viewed [...]
The post Brazil’s Cielo buys merchant e-Solutions for $670 Million appeared first on Payments Cards & Mobile.
