In its second-largest acquisition, Amazon buys the company for $970 million.
This geographic expansion adds to the companies’ existing relationship, which now includes payment services across multiple continents.
MINNEAPOLIS – May 31, 2011 – Digital River, Inc. (NASDAQ: DRIV), a leading provider of global e-commerce solutions, announced that PayPal, an eBay company, is leveraging its Digital River® World Payments™ solution to support local online payment processing in Brazil and Mexico. This geographic expansion adds to the companies’ existing relationship, which now includes payment services across multiple continents.
“Digital River World Payments is a very important part of our payments program and will definitely offer a key structure support for the expansion of the company in Brazil,” said Mario Mello, PayPal’s general manager for Brazil.
“PayPal has one of the most recognized brands on the Internet. We are pleased to expand our relationship, which spans nine years. By leveraging the Digital River World Payments infrastructure, PayPal has been able to rapidly and efficiently localize its services in new geographies,” said Paul Bridgewater, vice president of World Payments for Digital River. “With proven technologies and worldwide banking relationships in place, our payment solutions are designed to help companies enter online markets quickly and cost effectively.”
In addition to offering relevant payment options in more than 190 countries and over 170 transaction and display currencies, the Digital River World Payments solution features a wide range of customizable services for managing the complete payment lifecycle. These services, which work through a single payments connection, include checkout page optimization, real-time fraud detection, solutions to manage PCI exposure and currency risk, as well as advanced back-office reconciliation services and business intelligence tools. To learn more about Digital River World Payments, visit www.digitalriverpayments.com.
With more than 94 million active registered accounts worldwide, PayPal has made it possible for individuals and businesses to pay and get paid online across different locations, currencies and languages. Founded in 1999, PayPal was acquired by eBay Inc. in 2002. Since then, PayPal's customer base has grown, both on eBay and across e-commerce. Having built a single global payments engine that has some of the best risk and fraud detection capabilities in the payments industry, PayPal continues to be one of the leading ways to pay online. Today, PayPal is available in 190 markets and 24 currencies, and is accepted by millions of online merchants around the world.
About Digital River
Digital River, Inc., a leading provider of global e-commerce solutions, builds and manages online businesses for software and game publishers, consumer electronics manufacturers, distributors, online retailers and affiliates. Its multi-channel e-commerce solution, which supports both direct and indirect sales, is designed to help companies of all sizes maximize online revenues as well as reduce the costs and risks of running an e-commerce operation. The company’s comprehensive platform offers site development and hosting, order management, fraud management, export controls, tax management, physical and digital product fulfillment, multi-lingual customer service, advanced reporting and strategic marketing services.
Founded in 1994, 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, call +1 952-253-1234, or follow the company on Twitter.