Cielo S.A., a Brazil-based merchant acquirer with approximately 1.2 million active merchant accounts, is buying 30,000 Optimum T4205 point-of-sale terminals from Hypercom Corp., the terminal maker announced Sept. 2.
Cielo, formerly known as Visanet Brazil, will complete the deployment of the countertop terminals by the end of September, a Hypercom spokesperson tells PaymentsSource.
“It’s an emerging payments market,” he says. “The economy is growing. The number of merchants is growing.”
The contract is worth “multi-millions,” Scottsdale, Ariz.-based Hypercom says, declining to disclose more-detailed information. Online, the T4205 device sells for between $153 and $190.
The deal is “strategically important” for Hypercom, says George Sutton, senior research analyst at Craig-Hallum Capital Group LLC, a Minneapolis-based investment research firm. “It will have a revenue impact likely in the ‘handful of millions,’” Sutton tells PaymentsSource.
In 2009, Cielo processed 3.4 billion credit and debit transactions, according to its website.
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