Yesterday it was agreed to incorporate Itaú Unibanco as the majority shareholder of Resonance Uruguay (Resonance Uruguay SA,), with a 56% stake in the share capital.
This is a strategic investment defined by the group as part of its vision for the development of means of payment in Uruguay. With the opening of the acquisition, this association will strengthen and position OCA (company of the
group) as the most relevant player in the market.
OCA is a company with more than 50 years of history offering financial services to more than 500 thousand clients
OCA is a company with more than 50 years of history offering financial services to more than 500,000 clients. It has 30,000 member businesses, processing their sales with credit, debit and prepaid cards from OCA, Mastercard and VISA soon.
The development of its digital channels and the complementation with Resonance will provide more and better service for businesses that operate with OCA, said Pedro Moreira, CEO of OCA.
Resonance Uruguay is a company with 15 years in the Uruguayan market
Resonance Uruguay is a company with 15 years in the Uruguayan market, with a strong specialization in the implementation of payment systems at points of sale (POS) with credit, debit and prepaid cards, commercial management systems, electronic recharge sales, financial correspondent and other value-added services for businesses. It has more than 8,000 teams under its management, providing services to first-rate players in the market and, in turn, being the official representative of the Ingenico teams in Uruguay. Its founder and CEO, engineer Paul Beare, pointed out that this association “will enhance the growth of the innovative profile that the company has always had, expanding distribution channels.”
The closing of the operation is subject to the approval of the Central Banks of Brazil and Uruguay, which is expected to be completed during the second half of the year.
