Disburze and Banco Rendimento Introduce New B2B Service to Brazil

February 27, 2017         By: Mike Dautner

Disburze is a cleverly named New York City based Paytech company that is reinventing how business payments are done. With Banco Rendimento, one of the leading institutions in Foreign Exchange operations in Brazil, the companies recently announced the launch of its B2B service to Brazil.

This new service enables businesses to seamlessly settle invoices in Brazilian Reais, which is really a must-have for South American users. Disburze also is trying desperately to allow Brazilian based businesses to move funds out of Brazil and into its vast payment network around the globe in the near future.

Nagarajan Rao, CEO of Disburze stated, “We are excited about the partnership with Banco Rendimento. Businesses now have a solution that addresses their pain points when making businesses payments to and out of Brazil. Disburze is helping businesses compete in the global payments landscape by providing real time foreign exchange rates, transparent service levels, and access to emerging market network.”

Roger Ades, Product Director from Banco Rendimento added, “We are very thrilled to start this service with Disburze as it will increase our international payments offerings and simplify the way corporations make their business payments into Brazil. According to Guilherme Quintino, International Manager, this partnership comes as an alignment of Banco Rendimento’s International strategy which also cares for Innovation and Technology attending the needs of a fast changing global marketplace”

Brazil has the seventh largest economy by nominal GDP and purchasing power parity, in addition to having the largest national economy in all of Latin America. Travel and tourism is expanding as a sector in Brazil and is essential to several regions of the country.