Market Share of Brazil POS Terminal Industry
The Brazilian POS Terminal Market is moderately competitive, with a considerable number of regional players. The companies are leveraging strategic collaborative initiatives and acquisitions to increase market share and profitability.
In July 2023, Brazilian fintech Ebanx entered into a partnership with Nubank to consolidate its operations in Latin America. The partnership will enable Ebanx to offer more payment services to its corporate customers.
In February 2022, Rev Worldwide, Inc. ("Rev"), a payment product innovation firm, announced a collaboration with Banco Ita International with the formal launch of the Ita Global Wallet, an app-based digital payment account only for Itau's international Private Bank customers. Rev created the Ita Global Wallet program, which uses the Mastercard brand using its unique multi-currency payments processing infrastructure. Latin America's largest bank and the world's seventh largest, with private bank customers in Brazil and foreign markets.
Brazil POS Terminal Market Leaders
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NEC Corporation
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NCR Corporation
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Ingenico
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Izettle (PayPal Inc.)
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VeriFone, Inc.
*Disclaimer: Major Players sorted in no particular order
