PEACHTREE CORNERS, Ga.--(BUSINESS WIRE)--May 3, 2018-- FLEETCOR Technologies, Inc. (NYSE:FLT), a leading global provider of commercial payment solutions, announced today that it has entered into a new agreement with Petrobras Distribuidora S.A. – BR (B3: BRDT3) to enable card-less fuel payments at BR gas stations in Brazil using FLEETCOR’s Radio Frequency Identification (“RFID”) technology. Through this partnership, BR will begin accepting FLEETCOR’s RFID-enabled fuel payments at many of its busiest gas stations in São Paulo and Rio de Janeiro, among other areas.
CGMP (also known as STP), a FLEETCOR company doing business as Sem Parar in Brazil, is the country’s leading electronic toll payments provider. Under this agreement, CGMP will provide BR customers enrolling in the program with an RFID tag that can be affixed to their vehicles’ windshield. This tag will enable a faster, safer and more secure payment experience for customers allowing them to pay for fuel at BR gas stations without ever leaving their vehicle. BR will promote the innovative payment solution to its 12+ million “Premmia” loyalty program members while CGMP will promote the solution through their existing sales channels.
“We are excited to partner with BR and introduce RFID-powered payments to millions of its customers. This partnership is yet another milestone in our long-standing relationship and provides FLEETCOR an opportunity to significantly grow our fuel payments business in Brazil,” said Ron Clarke, FLEETCOR Chairman and CEO. “We look forward to working with BR to rapidly grow this program.”
About FLEETCOR
FLEETCOR Technologies (NYSE: FLT) is a leading global provider of commercial payment solutions. The Company helps businesses of all sizes better control, simplify and secure payment of their fuel, toll, lodging and general payables. With its proprietary payment networks, FLEETCOR provides affiliated merchants with incremental sales and loyalty. FLEETCOR serves businesses, partners and merchants in North America, Latin America, Europe, and Australasia. For more information, please visit http://www.fleetcor.com/.
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Source: FLEETCOR Technologies, Inc.
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