Clara Cards Arrive in Samsung Wallet

São Paulo, August 30, 2023 - Clara, a startup whose mission is to be Latin America's largest and most complete corporate payments solution, takes another step in that journey with the announcement of its arrival in Samsung Wallet. From now on, all Clara credit card users with eligible mobile devices can add their cards to the digital wallet to make payments via NFC.

With this, Clara customers will enjoy more practicality and convenience, since they will not need to take the card out of their pocket to make purchases at establishments across Brazil and the world.

For finance managers using Clara's integrated payment management platform, the new feature also brings even more control and agility. Today they can already create unlimited virtual cards in just a few seconds through Clara platform, and now users can add them to Samsung Wallet instantly. In other words, if an employee is going on a one-off trip, for example, it is possible to create a card specifically for that purpose quickly, without having to request the issuance of a physical card.

"We are creating at Clara the most complete payments ecosystem for corporate expense management, and in addition to reducing bureaucracy and bringing more efficiency to companies, it is important that employees also have the best experience. Now they can use the corporate card in Samsung Wallet in the same way they use their personal cards," explains Francisco Simon, country manager of Clara in Brazil.

The news comes at a time of intense growth for Clara, which recently announced the approval of the Brazilian Central Bank to operate as a Payment Institution and the move of its headquarters to Brazil. All with a focus on making the country its main market by 2024: the expectation is that R$2 billion will be transacted on Brazilian users' cards by then.

About Clara

Clara is Latin America's leading solution for companies to make and manage all their payments, enabling the issuance of corporate credit cards, bill payments and international payments, and also offering spend management software. Founded in 2021, it operates in Brazil, Colombia and Mexico. As a Latin American multinational, Clara has raised investments from some of the region's most strategic VCs, such as Monashees, Kaszek and Canary, as well as global investors such as GGV, Coatue, DST Global Partners, ICONIQ Growth, General Catalyst and Goldman Sachs. Its ultimate ambition is to enable companies to operate with agility and clarity, helping them become more efficient and less bureaucratic through a platform that combines not only payment methods but also strategic, data-based intelligence.