Digital River Expands Relationship with American Express to Enhance Payment Services in Mexico
Adding support for Mexican Peso and Installment Plans
MINNEAPOLIS — Feb. 3, 2015 — Digital River, Inc. (NASDAQ: DRIV), a leading global provider of Commerce-as-a-Service solutions, announced today that it has expanded its relationship with American Express to include support for fully localized American Express card purchases in Mexico. In combination with American Express, Digital River will process Mexican pesos and support consumer installment payment plans through its Digital River World Payments solution. Together, the two companies will help domestic and international businesses that have a local entity in Mexico reach more consumers as they grow their online sales in the region.
Now merchants using the Digital River World Payments solution can access American Express consumers in all international markets where American Express is accepted, including Brazil, Europe, Hong Kong, Mexico, North America, Singapore and others. The enhanced offering builds on Digital River’s strength in global payments, adding to an ecosystem of more than 200 international and local payment options worldwide.
“We know from experience managing more than $30 billion in annual online transactions that consumers are more apt to buy when convenient and familiar payment options are available to them,” said Souheil Badran, Digital River’s senior vice president and general manager of Digital River World Payments. “Adding these services in Mexico will help us further expand our existing relationship with American Express and strengthen our international payments offering.”
About Digital River, Inc.
Backed by 20 years of ecommerce experience, Digital River is recognized as a leading global provider of Commerce-as-a-Service solutions. Companies of all sizes rely on Digital River’s multi-tenant, SaaS commerce, payments and marketing services to manage and grow their online businesses. In 2013, Digital River processed more than $30 billion in online transactions, connecting B2B and B2C digital products and cloud service companies, as well as branded manufacturers with buyers across multiple devices and channels, and nearly every country in the world.
Digital River is headquartered in Minneapolis with offices across the U.S., Asia, Europe and South America. For more details about Digital River, visit the corporate website, read the Digital River Blog, follow the company on Twitter or call +1 952-253-1234.
In addition to the historical information contained herein, this press release contains forward-looking statements, such as statements containing the words, “will,” “plans,” “intends,” “expects,” and similar words. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Digital River, or industry results, to differ materially from those expressed or implied by such forward-looking statements. Such factors include, among others: Digital River’s operating history and variability of operating results; competition in the electronic commerce market; the ability of Digital River to support the American Express partnership; the market’s acceptance of such offerings; and other risk factors referenced in Digital River’s public filings with the Securities and Exchange Commission.
Digital River is a registered trademark of Digital River, Inc. All other company and product names are trademarks, registrations or copyrights of their respective owners.
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