June 9, 2021 |
Brazilian retail company Magazine Luiza, also known as Magalu, acquired Bit55, a technology platform for processing payments with credit and debit cards, to complement a deal late last year for payment processing company Hub Prepaid Participações, investor relations manager Vanessa Rossini told LatinFinance on Tuesday.
"Now customers can have a complete digital account [with us]," she said.
Magalu has pursued an aggressive M&A strategy to increase its presence in e-commerce, and the Bit55 de
Brazilian retailer buys payments platform Bit55 to complement the December deal for Hub Prepaid