GlobalCollect and cooperate for Online Transactions processing

image The popular Latin American social networking platform offers its over 40 million registered users a safe and fun environment to connect and stay in touch with real-life friends, colleagues, and family. The partnership with GlobalCollect enables Sonico to process international online credit card payments via Visa, MasterCard, and American Express for its premium subscription services. Future plans entail expanding the range of payment methods to include local and alternative options.

Both companies had already established a fruitful business relationship indirectly in 2006, when GlobalCollect started processing online payments for Clon Communications –

Sonico’s sister company – an online retailer of various prepaid cards. Based on Clon’s positive history with GlobalCollect – Clon’s international online transactions have quadrupled since then – Sonico decided to partner with GlobalCollect as well for its online payment needs.

Gustavo Victorica, CFO of Sonico, said: “We chose GlobalCollect on the basis of its comprehensive portfolio of payment methods. This, plus its single-interface payment platform supporting multi-currency online payment transactions will help us boost conversion rates.”

Jan Manten, CEO of GlobalCollect, continued: “We welcome the opportunity to service, a popular and rapidly growing social network in Latin America. We believe that this region holds tremendous growth opportunities for all sorts of e-commerce activities in general, which is why we have decided to open a local office in Buenos Aires in the very near future.”


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