Image default
Europe International Latest News Retail News Supermarkets

Carrefour Brasil buys 49% of fintech Ewally

Retailer Carrefour Brasil said on Tuesday it signed an agreement to buy 49% of fintech Ewally, with the option to buy control after three years.

“Fully aligned with the company’s digitization strategy, this move launches operations in the digital account segment,” Carrefour Brasil said in a statement.

The company also said the deal will allow it to accelerate the process of digital transformation and innovation and expand its payment and distribution ecosystem for digital products and services in Brazil.

The completion of the transaction is subject to compliance with certain conditions. Financial details of the transaction were not provided.

Source: bitmag.com.br

Related posts

British bubble tea chain targeting U.S Expansion

admin

Inside Netto Leeds: How the discounter aims to win in the UK

admin

Online retailers lose sales through irrelevant promotions, poor follow-up with shoppers

admin