IXOPAY, an independent payment orchestration provider, and EBANX, a Fintech company that specializes in international payments in rising markets, have announced a partnership.
Together the partners will “focus on providing access to local payment solutions for global brands and offering local payment methods to consumers, at first in the Latin America region.”
The partnership’s main goals are “to improve accessibility to new regions and enable growth for international merchants.”
IXOPAY’s agnostic payment orchestration platform “establishes the basis for flexible payment stacks and connects its clients to multiple payment providers and payment methods via a single API.”
By joining forces with EBANX, the partners will “extend the ability to accept local cards in Argentina, Brazil, Colombia, Chile, Mexico, and Uruguay.”
Central and South America are reportedly “the two fastest-growing regions of digital buyers worldwide and will continue to grow through 2025, with an annual growth rate 2.5 times that of North America,” according to the latest EBANX’s Beyond Borders study.
With these rising consumer numbers, digital payments have “become more relevant, providing access to a huge range of products and services in the digital space.”
Gregory Cornwell, VP of Global Channels and Business Development at EBANX, said:
“Through this partnership, EBANX helps IXOPAY offer its global customers access to localized payments to meet the particularities of digital commerce in the largest economies in Latin America. Localized payment methods are critical to achieving the best results with consumers in rising markets. We are thrilled to be working together with IXOPAY in our mission to promote access through payments.”
The high demand for digital services “stems from a young and connected population who are, once again, driving innovation in the payments industry.”
Latin America is “one of the world’s most innovative regions when it comes to payments; laying the foundation for digital revolutions in account-based transfers, e-wallets, and cash-based vouchers.”
Forecasts for the region “predict growth in alternative, instant and mobile payment methods, with the use of credit cards still leading at 28 percent market share.”
Adam Vissing, VP Sales and Business Development at IXOPAY, said:
“Our partnership with EBANX is a success for both enterprises and, most importantly, our global clients. The agnostic nature of IXOPAY has proven to be a breeding ground for innovation in the past. It goes in line with consumers’ demands for flexible, instant payment services, which at the same time provide the highest level of data security. We are delighted to be able to extend IXOPAY’s reach in Latin America and to provide independence and choice to its businesses and customers.”
