Transbank Selects AEVI to Roll Out Digital In-store Solution for Business in Chile

Leading Chilean acquirer Transbank selects strategic partner AEVI to transform the in-store checkout experience for merchants in Chile

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AEVI

Oct 30, 2019, 14:00 ET

LAS VEGAS, Oct. 30, 2019 /PRNewswire/ -- Transbank S.A. and AEVI announced a major strategic partnership to help Transbank's customers in Chile deliver omnichannel and digital in-store experiences for their merchants.

Founded as a credit card processing intermediary in Chile, Transbank has led the development of digital payments for almost 30 years. Transbank was chartered as the single merchant acquirer and card issuer for Chilean banks and has a critical role in the Chilean economy, responsible for the country's electronic payments network, serving Banks with approximately 170,000 merchants.

"Transbank will continue to lead merchant payments as the demand for new digital and connected commerce grows," said Ricardo Blumel, Manager Division Marketing and Development, Transbank. "AEVI's open platform for next-generation acquiring services gives us the flexibility to choose innovative partners relevant to our clients and rapidly bring their solutions to market in a secure environment."

AEVI's platform delivers payments services, devices and value-added applications. It combines the talents of value-added app developers and hardware vendors onto a single platform and manages the complexity of device certification, management and integration of multiple software applications for its customers.

The strategic collaboration with AEVI allows Transbank to open an ecosystem for start-ups and facilitate integration between different developers' solution. This means Transbank's channel partners can easily integrate payments and value-added services for its merchants. These value-added services allow merchants to manage their businesses better, simplify daily operations, and increase interaction and loyalty with their clients to improve the shopping experience.

With this collaboration, Transbank will initially provide smart payment devices with both a point of sale app and a loyalty app. Merchants will be able to better manage sales and provide digital loyalty programs.

The pilot for this new solution will commence November 20th and will begin with 10 merchants primarily in the restaurant industry in the capital city, Santiago. The companies are aiming for a soft launch by the end of January 2020. Subsequently, Transbank will bring to market specific solution sets of apps and services to suit the needs and enhance the checkout experience of specific merchant types.

Mike Camerling, CEO at AEVI, said: "We are very excited to work together with Transbank and delighted they have chosen AEVI to deliver innovation in the Chilean retail market, and provide the ultimate merchant and shopping experience."

Transbank's added that "AEVI is providing a platform as a one-stop, full-service partner and helps us to deliver products and services that are aligned with the changing requirements of the chilean market."

For further information about AEVI's solution visit AEVI.com.

About AEVI

AEVI lays the foundation for next-generation acquiring by empowering merchant payment solution providers, such as acquirers, merchant banks, independent sales organizations (ISOs) and value-added resellers (VARs), to move and manage their classic payments proposition into a new value-added world of apps, payments and smart devices.

AEVI combines the talent and resources of merchant payment solution providers, app publishers and device vendors in an open and vendor-agnostic platform providing unprecedented flexibility and choice. AEVI simplifies the complex payment landscape with a single integration that results in acquisition of new merchants, increased retention of existing customers, cost savings, and generation of new revenue streams.

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SOURCE AEVI