Digital River, Inc., a provider of global e-commerce solutions, announced that PayPal, an eBay company, is leveraging its Digital River World Payments solution to support local online payment processing in Brazil and Mexico.
In a release, the Company said that this geographic expansion adds to its existing relationship, which now includes payment services across multiple continents.
"Digital River World Payments is a very important part of our payments program and will definitely offer a key structure support for the expansion of the company in Brazil," said Mario Mello, PayPal's general manager for Brazil.
"PayPal has one of the most recognized brands on the Internet. We are pleased to expand our relationship, which spans nine years. By leveraging the Digital River World Payments infrastructure, PayPal has been able to rapidly and efficiently localize its services in new geographies," said Paul Bridgewater, vice president of World Payments for Digital River. "With proven technologies and worldwide banking relationships in place, our payment solutions are designed to help companies enter online markets quickly and cost effectively."
In addition to offering relevant payment options in more than 190 countries and over 170 transaction and display currencies, the Digital River World Payments solution features a wide range of customizable services for managing the complete payment lifecycle. These services, which work through a single payments connection, include checkout page optimization, real-time fraud detection, solutions to manage PCI exposure and currency risk, as well as advanced back-office reconciliation services and business intelligence tools.
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