Millicom and Kalixa expand to Africa and Latin America

Thursday 11 September 2014 13:33 CET | News

Millicom, a global telecommunications and media company, and payment service provider Kalixa have established a joint venture to develop a payments service provider to operate in Africa and Latin America.

The joint venture will offer payment acceptance services for both businesses and consumers, including payment gateway and point-of-sale solutions for merchants as well as 1-click payment and e-Wallet provision for online customers. The partnership will cover the end-to-end payment ecosystem and will offer multi-device and cross-platform services.

The initial phase of the joint venture will begin in H2 2014 and will provide an end-to-end service for ecommerce providers. Brazil is the largest market in Latin America with around 60% of its ecommerce by volume and 80% of the continent’s top 500 e-merchants present there. In Colombia, ecommerce is growing significantly at over 60% annually with 50% of internet users enjoying online shopping.

Kalixa provides a range of electronic payment solutions and products, including in-store and online merchant services, payment gateway connections and financial settlement, card issuing, e-wallet services and money transfer, together with services such as fraud management, risk mitigation, chargeback handling and reconciliations.

For more information about Kalixa, please check out a detailed profile of this company in our dedicated, industry-specific online companies database.

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Keywords: Millicom, Kalixa, Africa, Latin America, 1-click payment, eWallet, cross-platform, online payment
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce

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