Latin American E-Commerce Leader Fnbox Chooses Adyen's Payments Platform To Facilitate Global Expansion

BOSTON and BUENOS AIRES, Argentina, Aug. 21, 2012 /PRNewswire/ -- Fnbox, a Latin American company focused on creating global and scalable internet businesses, today announced that it has chosen Adyen's hosted payments solution to facilitate the international expansion of several top Fnbox Internet properties – Cuponica.com, Recarga.com, and Tarjetastelefonicas.com – into Brazil, the United States and Europe. 

Fnbox selected Adyen's hosted payments solution for its global expertise, proven payments technology platform, existing relationships with 35 global banks, and knowledge and support of preferred payment methods in each market – all of which helped accelerate Fnbox's international expansion.  Fnbox currently uses a local Argentinian payments provider, but will be transitioning its global payments needs to Adyen.

"With our Internet services well established throughout Brazil and Latin America, Fnbox is now looking to attract new customers among the larger Spanish and Portuguese-speaking populations throughout the United States and Europe.  To do this quickly and cost effectively, we needed a global payments partner like Adyen, who already has a deep knowledge and understanding of the payments landscape in our expansion markets and existing banking relationships to accelerate our time to market," said Rodrigo Teijeiro, founder and CEO at Fnbox.

Adyen empowers online merchants to significantly increase international sales and simplify the payments process by providing state-of-the-art processing technology, transparent financial reporting and deep business intelligence. The company processes transactions across multiple sales channels – including online, mobile, IPTV, point-of-sale, mail/phone orders and direct electronic invoicing – all via one connection.  It also enables merchants to implement single-screen or single-click payment options, and offers a full suite of e-commerce anti-fraud tools, conversion analytics tools and automated refund/charge-back services.

"Adyen has invested heavily in South America to keep ahead of the growth in online and mobile commerce and give our customers the payments solutions they need to meet consumer demand," said Peter Caparso, President – North America at Adyen.  "With our strong US and European presence, Adyen is helping Fnbox greatly expand its customer base and generate more revenue from a global audience."

Among the Fnbox Internet properties to leverage Adyen's global payment solutions include:

• Cuponica.com – One of the leading daily deals site in Argentina has recently expanded into Brazil and Mexico. By leveraging the +75 million audience Fnbox reaches in the region and its ecommerce capabilities, it has become a strong competitive advantage to keep growing the business through out the region.
• Recarga.com – With 85% of all Latin America using pre-paid cell phones, Recarga.com enables them to securely purchase minutes from more than 20 mobile carriers in six countries.  Last year, Recarga.com grew +1000%.
• Tarjetastelefonicas.com – Sells discount long distance pre-paid phone cards for mobile phones and land-lines.  The site has sold over 1 billion minutes since its launch in 2002, and processes 30,000 monthly e-commerce transactions.

About Adyen
Headquartered in Amsterdam, with offices in Boston, Sao Paolo and Singapore, Adyen is the leading provider of global Internet payment solutions for large international merchants. Adyen's innovative Internet Payment Solution, built on over 15 years of industry experience, enables merchants to significantly increase online conversion by optimizing the payment process, while mitigating fraud and risk.  It currently supports more than 100 payment methods, 187 transaction currencies and 14 settlement currencies used on six continents.  Since its launch in 2006, the company has enjoyed triple-digit year-over-year growth and achieved profitability in 27 months.  Adyen works with many global customers including but not limited to including Getty Images, KLM, PopCap Games, Greenpeace, and Vodafone.  For more information, please visit www.adyen.com.

About Fnbox
Fnbox.com is one of the fastest growing online holdings in Latin America and Brazil, comprised of the social network Sonico.com, Tarjetastelefonicas.com, Datam.com, Recarga.com and Cuponica.com. Headquartered in Buenos Aires, and founded by Rodrigo Teijeiro in 2002, the company has offices also in Sao Paulo, Mexico City and Miami. Thanks to the teamwork of its 85 employees and a strong culture of innovation, Fnbox.com was chosen for the forth consecutive year by "Great Place to Work" as one of the 50 best companies to work in Argentina. In 2009, Fnbox.com was also recognized by BusinessWeek as the fifth largest tech startup with global projection. 

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SOURCE Adyen