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InComm Payments Acquires Todo Cartões to Allow Closed-Loop Gift Card Processing for Retailers
Friday 27 November 2020

Atlanta, US-based payments technology company InComm Payments has acquired Brazilian gift card processor Todo Cartões, to enable processing and distribution of closed-loop gift cards for retailers, the company said.

Terms of the transaction were not disclosed.

The acquisition will grow InComm Payments' presence in the Brazil.

InComm Payments entered the Brazilian market nearly a decade ago. Ever since, it has partnered with the country's leading convenience, pharmacy, book and electronics store chains, expanding its presence to more than 4,500 points of sale.

InComm Payments delivers enhanced end-to-end payment platforms and emerging financial technology solutions that help businesses grow across a wide range of industries including retail, healthcare, tolling and transit, incentives, mobile payments and financial services.

Todo Cartões has an established presence in Brazil, offering a closed-loop digital and physical gift card processing platform for retailers and bulk gift card purchasing for corporate incentives.
Date Published: 27/11/2020