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Naka Mobile, a global mobile telecommunications and technology company, has announced that MercadoPago, a Latin America-based online payment provider, has gone live with Naka Mobile IoT mobile connectivity across Brazil, according to a press release.
Built with geolocalization capabilities for added security, the Naka Mobile IoT SIM is currently live on 25,000 point-of-sale terminals at retailers throughout Brazil, and expects to increase the number to 100,000 before year-end.
MercadoPago is part of MercadoLibre, the largest e-commerce ecosystem in Latin America, The company provides a wide range of services to resellers and buyers across the region, including marketplace, payments, advertising and e-building solutions.
"Rolling out IoT services in markets such as Brazil poses significant challenges for companies that are dependent upon nationwide connectivity," Achilles Rupf, CEO of Naka Mobile, said in a statement. "Coverage can be patchy and the costs of roaming across networks can destroy the economics of the service. By offering companies such as MercadoPago the ability to roll out a secure connected PoS service across the whole of Brazil, and to be able to manage it all through a single connectivity partner, Naka Mobile is helping drive IoT into new markets, transforming how businesses and their customers can take advantage of new connected services."