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Brazil's UOL BoaCompra expands into Colombia

Wednesday, March 5, 2014

Brazilian digital payments company UOL BoaCompra announced its will expand into Colombia and Peru.

The firm was attracted to Colombia as the country's internet penetration rate has grown to 55 percent of the total population.

But the challenge for the company is that 90 percent of Colombia and Peru's Internet users have no access to international credit cards.

Source: EIN News