Inswitch has partnered with Binance Pay to “improve their fintech solutions and offer Binance Pay to all merchants in Latin America.”
Inswitch is an embedded Fintech platform aiming to help financial services provides to quickly provide digital offeerings. Binance Pay, part of Binance, is crypto apyment tech provider.
The partnership between the two companies is expected to provide millions of Latam merchants with options of accepting crypto, and enable all companies with a new way to service payments.
Ronald Alvarenga, CEO of Inswitch, said they are excited to “democratize the payment industry, connecting more than 650 million in Latam with e-commerces around the world.”
“Now merchants will have more options on how to get paid and let their customers choose how to pay wherever they are.”
The Inswitch side is a low code platform that allows configuration via various APIs.
“We are thrilled to bring crypto payments to more than 650 million LATAM users by partnering with Inswitch, this keeps reinforcing Binance Pay’s objective of providing contactless, borderless, and secure cryptocurrency payment experiences to companies and consumers,” said Jonathan Lim, Global Head of Binance Pay.