London – 14th October 2016. NOIRE, a UK based leading provider of online payment solutions and risk management technologies, now provides additional alternative payment methods to accept local currencies and payment types across the South America region in countries such as Brazil, Mexico, Argentina and Chile. NOIRE provides internet merchant accounts, online payments technology, alternative payment options and fraud risk detection in one deployment, enabling merchants to safely take on new regions and grow business with reduced costs.
European based merchants have often struggled to gain traction in new emerging markets like Brazil. This is for several reasons; the economies are based on local currencies using local payment methods, tax issues, legal complexities and high fraud rates. In Brazil the most common form of online payment method by far is Boleto, followed by bank transfers and then payment cards such as Visa, MasterCard, American Express and other local brands such as Elo and Hipercard. It is providing a solution for all of these requirements that is essential for success in the market. It is likewise for the other South American countries; Mexico, Chile, Argentina, Colombia and Peru, where international cards are uncommon.
NOIRE has several European based customers successfully deployed and processing every day in these new emerging markets. South American capabilities added to local payment methods for the Asian and European regions enable customers to be global. Customers’ turnovers increase faster, grow revenues and reduce costs and fraud. Tim Thompson CEO of NOIRE said, “Working closely with our customers, we aim to provide the best technology, processing and expertise for a complete solution to taking payments online.”
Alternative payment options allow merchants to move quickly into new markets and to increase revenues in existing markets by providing customers with familiar methods for their country. NOIRE enables over 220 different alternative payment options along with card options to provide a complete solution for any country and region. Merchants can switch on any local currencies, payment methods and fraud detection tools in one deployment.
A competitive advantage for customers are additional payment options which are a differentiator for NOIRE. For some countries within Europe, bank transfer options are more popular than cards such as Visa and MasterCard. NOIRE therefore provide options like Giro pay, Sofort and others.
UK merchants have the opportunity to boost or add additional revenue streams in different currencies and countries in order to reduce the impact of fluctuation exchange rates, especially now post Brexit.
The NOIRE platform provides a single view with detailed analytics on local currencies and payment methods used by the merchants along with real time transaction information.
About NOIRE: NOIRE is a leading UK-based boutique payment and fraud risk solution provider. The company offers internet merchant accounts, alternative payment methods and payment gateway technology, along with pioneering the most advanced risk management and fraud protection technology for companies ranging from FTSE listed companies to small start-up businesses.