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After landing in Chile with Latin America's first free-flow toll technology before later taking it to Ecuador, Kapsch is now working on implementing its systems in Brazil and is negotiating over projects in Argentina, Samuel Kapsch, senior VP for the region, t. ....
CAIXA Cartões Announces New Company For The Prepaid Segment News provided by Share this article BRASÍLIA, Brazil, May 11, 2021 /PRNewswire/ CAIXA Cartões Holding S.A., a wholly owned subsidiary of Caixa Econômica Federal ( CAIXA or Bank ) for the electronic payment business, today announced that it has entered into an agreement to create a new company: CAIXA Cartões Pré-Pagos S.A. ( CAIXA Cartões Pré-Pagos ). The companies VR Benefícios and FLEETCOR ( VR-FLEETCOR ) were selected in a competitive process to operate prepaid businesses solutions. The new company will exclusively offer prepaid cards at CAIXA s distribution network with the use of the Bank s brand for the next 20 years. Therefore, at the transaction closing, VR-FLEETCOR will subscribe a capital increase in CAIXA Cartões Pré-Pagos of R$420 million of which R$400 million will be transferred to CAIXA, under the terms of the grant (upfront). ....