Pluxee misses Q2 revenue goals amid Brazil fee caps
Pluxee missed revenue targets as European growth slowed. The firm is now preparing for a sharp revenue decline in Brazil following new merchant fee caps.
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The French voucher and benefits provider Pluxee reported second-quarter operating revenue that fell short of market expectations, as difficult macroeconomic conditions in continental Europe offset continued growth in Latin America. Based in France, the company recorded organic growth of 2.8% for the period, though it continues to navigate a shifting regulatory landscape in its key overseas markets.
