Payments technology company InComm Payments has announced that it has acquired Todo Cartões, a Brazil-based closed-loop gift card processor.
Via this acquisition InComm Payments aims to grow its presence in the country by enabling the processing and distribution of closed-loop gift cards.
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.
InComm Payments entered the Brazilian market nearly a decade ago. Ever since, it has partnered with the country's convenience, pharmacy, book and electronics store chains, expanding its presence to more than 4,500 points of sale.
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