August 1, 2019 / 2:02 PM / 17 days ago

Santander Brasil launches card processing service using rivals machines

SAO PAULO, Aug 1 (Reuters) - Banco Santander Brasil SA launched on Thursday a service that allows small merchants to capture payment transactions through its card processor company GetNet without buying the bank’s card reader machine.

The bank targets nearly 4 million clients that currently use its own card reader machines and rivals. GetNet aims to gain between 300,000 and 400,000 new clients through this migration.

Reporting by Carolina Mandl; Editing by Bernadette Baum

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