Evertec expands its presence in Brazil in partnership with Alelo

SAN JUAN, PUERTO RICO– Evertec, Inc., leader in payment transactions processing services in Latin America and specialized in monitoring and fraud management, announced today its agreement with Alelo, a brand specialized in benefits, incentives, and corporate expenditure management, which acts as a member Business and businesses, offering a better experience to cardholders.

Founded in 2003, Alelo has more than fifteen years of experience in the market, and since 2013, it has been a leader in the benefit sector through the Workers’ Food Program (PAT) of the Ministry of Labor (MPT). It has more than 130,000 customer-centric companies, 8 million users, and more than 600 thousand affiliated businesses in Brazil.

Mac Schuessler, president and CEO of Evertec, indicated: “We are pleased with the trust placed by Alelo in Evertec. This agreement is significant due to the important role that Alelo has in the Brazilian market. In 2018, Alelo processed over 600 million transactions only in its workers’ program. This is a great testimony of the continuous adoption of our technology throughout Latin America.”

Adriano Tchen, Alelo’s CIO, stressed that “Choosing Evertec as a technological partner is the result of a profound analysis of the market, as well as the trust the company has earned during its time in Brazil. Evertec offers us a flexible and modular solution that will allow us to streamline the response times to our customers and, therefore, provide them with a better service.“