Transbank chooses AEVI to overhaul its in-store checkout for Chile’s merchants
Bank support firm Transbank has chosen Germany and UK-based AEVI, a subsidiary company of Diebold Nixdorf, to change its in-store checkout experience for small to medium-sized merchants in Chile.
Founded almost 30 years ago as a credit card processing intermediary in the South American country, Transbank is now chartered as the single merchant acquirer and card issuer for Chilean banks.
Transbank aims “to open an ecosystem for start-ups and facilitate integration between different developers’ solution[s]” in a bid to make integrations easier for merchants. Initially, the firm plans to provide smart payment devices with a point of sale app and a loyalty app.
“AEVI is providing a platform as a one-stop, full-service partner and helps us to deliver products and services that are aligned with the changing requirements of the Chilean market,” Transbank says in a statement at Money 20/20 in Las Vegas.
The pilot will begin on the 20 November 2019 with ten merchants from Santiago largely from the restaurant industry.
By the end of January 2020, these companies will be soft launching the checkout service, leading Transbank to release a market-ready version for mass consumption.
“Transbank will continue to lead merchant payments as the demand for new digital and connected commerce grows,” says the firm’s marketing and development division manager Ricardo Blumel, who is confident AEVI’s open platform will give them the “flexibility to choose innovative partners relevant to [the company’s] clients”.