Elo7 decided to extend its collaboration with Wirecard Brazil by migrating to the new version of Wirecard’s platform. The upgraded version of Wirecard’s platform in Brazil includes a range of features, such as user authentications, automatic refunds, account transfers, escrow and financial reconciliation. These features allow a marketplace to recreate the whole onboarding, sales and payout experiences in his own environment and with his own visual identity.
According to Precifica, the online marketplaces sector in Brazil has registered 24% growth by total number of merchants in 2017. Furthermore, the Brazilian handicraft sector handled around USD 50 billion in 2016, generating income for more than 8.5 million people.
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