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Futurecom 2013: Claro, Bradesco joint venture releases first m-payment solution

RIO DE JANEIRO — The first m-payment product following a joint venture between Claro Brazil and Bradesco, one of the largest banks in Latin America, debuted at the Futurecom event this week. The joint venture named MPO (Mobile Payment Operator) was first announced last November.

The new product, called Meu Dinheiro Claro, is a prepaid card focused on serving people who don’t have bank accounts, especially those who own prepaid mobile phones. The card is tied to a cellphone line from Claro, and it can be used to make purchases, transfer money between people who have the card and withdraw money from Bradesco ATMs, among other facilities.

There is no cost to subscribe to the service, but customers pay 69 cents to transfer money and $2.29 to withdraw cash from machines.

The pilot will begin in some cities in the Rio de Janeiro and Goiás states. The areas were chosen according to Claro’s market share penetration, said Alexandre Olivari, Claro’s director of value added services.

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Roberta Prescott
Roberta Prescott
Editor, [email protected] Roberta Prescott is responsible for Latin America reporting news and analysis, interviewing key stakeholders. Roberta has worked as an IT and telecommunication journalist since March 2005, when she started as a reporter with InformationWeek Brasil magazine and its website IT Web. In July 2006, Prescott was promoted to be the editor-in-chief, and, beyond the magazine and website, was in charge for all ICT products, such as IT events and CIO awards. In mid-2010, she was promoted to the position of executive editor, with responsibility for all the editorial products and content of IT Mídia. Prescott has worked as a journalist since 1998 and has three journalism prizes. In 2009, she won, along with InformationWeek Brasil team, the press prize 11th Prêmio Imprensa Embratel. In 2008, she won the 7th Unisys Journalism Prize and in 2006 was the editor-in-chief when InformationWeek Brasil won the 20th media award Prêmio Veículos de Comunicação. She graduated in Journalism by the Pontifícia Universidade Católica de Campinas, has done specialization in journalism at the Universidad de Navarra (Spain, 2003) and Master in Journalism at IICS – Universidad de Navarra (Brazil, 2010) and MBA – Executive Education at the Getulio Vargas Foundation.