Proxima Financeira S.A is a partially owned subsidiary of Xalles Singapore Pte. Ltd..

Proxima Financeira S.A. is introducing new prepaid cards, mobile payment and POS applications to Brazil’s emerging, and virtually untapped, prepaid and mobile payment market.

Large merchant relationships have allowed Proxima to be poised to dominate this high growth market consisting of ideal demographics for these payment products.

Revenues will come from card interchange fees for prepaid cards and transaction fees for mobile payments.

Proxima Financeira S.A. is based in Sao Paulo, Brazil.