--- title: EBANX advances emerging market infrastructure with Pakistan expansion in motion and native Apple Pay decryption description: EBANX announces expansion into Pakistan and launches native Apple Pay decryption across Latin America, advancing payment infrastructure in emerging markets. image: https://business.ebanx.com/hubfs/Screenshot%202026-09-24%20at%2009.30.40.png ---       - Our Solution - Latin America - Resources - About Us - [![Get in Touch](https://no-cache.hubspot.com/cta/default/2112879/c6f4ace8-d79a-45d0-8e58-15472ad54406.png)](https://cta-redirect.hubspot.com/cta/redirect/2112879/c6f4ace8-d79a-45d0-8e58-15472ad54406) - [Log in](https://dashboard.ebanx.com/?locale=en) - ‹ #### [Our Solution A localized solution that covers all the bases for doing business in Latin America. 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Among the new offerings, the company added **Pakistan** to its operations portfolio for the next semester, and a native decryption architecture for **Apple Pay** across Latin America and the Caribbean. The Summit, now in its ninth year, wrapped its APAC chapter in South Korea earlier this month and is running its global edition in Costa Rica through Friday, the 25th. “*Solving complexity is the very core of what we do. Our expertise is transforming operational challenges into scalable growth for our merchants,”* said **João Del Valle**, CEO and Co-founder of EBANX. *“This is the underlying logic behind our moves, whether expanding into a new market or delivering advanced technological architecture.”* **Mobile-first and a double-digit growth opportunity in Pakistan** Following the addition of Thailand, Indonesia, Malaysia, Vietnam, and Türkiye to its footprint in 2026, EBANX is preparing its payment operations in Pakistan for the next semester. The first alternative payment methods (APMs) to be offered are the local wallets JazzCash and Easypaisa, each reporting more than 50 million users. Next will be Raast, Pakistan’s rapidly growing national instant-payment rail. Data from [the State Bank of Pakistan](https://www.sbp.org.pk/assets/document/publications/PS-Review-Q3FY26.pdf) shows that Raast transaction volume nearly doubled in a year, going from 371.2 million in Q3 FY25 to 742.1 million in Q3 FY26. EBANX selected the country as its next frontier due to strong merchant demand and structural market complexity. According to World Data Lab (WDL) data analyzed by EBANX, Pakistan’s e-commerce spending is projected to grow at an average rate of 22% annually (2026-2030). With this high CAGR, the country is on track to more than triple its online market size over the decade. Pakistani Gen Z (ages 15–30 in 2026), especially, is experiencing a massive digital boom. Their spending on Video Gaming, Streaming, and Social Media is projected to grow at 17% annually through 2036—but credit card ownership among this cohort is below 10%. “*Pakistan is a classic mobile-first market where smartphone ownership runs 20 to 40 percentage points ahead of card ownership. This makes local account-based payment methods, bank transfers, and digital wallets the key to winning market share*,” said **Eduardo de Abreu**, CPO of EBANX and regional CEO of EBANX Singapore. *“This payment fragmentation is challenging for global businesses, but bridging local payment infrastructure with global merchant needs is precisely what we have specialized in for over a decade.”* Since its founding in Brazil in 2012, out of the necessity of global brands to connect with consumers and businesses through the Brazilian bank slip Boleto, EBANX has gone global, offering 400+ rails, 200+ payment methods, and processing over 4 million transactions per day. **Apple Pay: EBANX decrypts in-house, so merchants don’t have to** Starting in September, EBANX is rolling out a new operating model for Apple Pay that shifts the entire token decryption layer in-house. Under this setup, EBANX receives and decrypts encrypted Apple Pay tokens directly, managing certificates, security keys, and end-to-end PCI DSS compliance within its own infrastructure rather than requiring merchants to handle decryption. *“The result is less burden for merchants and faster, safer, more seamless transaction flows, with EBANX owning the full end-to-end cardholder journey inside our acquiring stack,”* explained **Abreu**. Apple Pay is a tokenized digital wallet that uses a debit or credit card as the underlying payment credential. With this new offering, EBANX—the only PSP with local acquiring across all 11 Latin American and Caribbean markets where Apple Pay operates—simplifies merchants’ operations while maintaining full end-to-end PCI DSS compliance within its acquiring infrastructure. Early production data underscores the model’s performance impact: tokenized wallet processing delivered an 11-percentage-point uplift in approval rates compared to non-tokenized card transactions, reaching 94.4%. Average Order Value (AOV) ran 23.5% higher than standard card purchases, reflecting strong alignment with high-intent digital consumers. *“We have already built a successful partnership with Apple Pay in Brazil. Now, we are taking the most sophisticated version of that architecture across Latin America, from Guatemala to Argentina, for both one-time and recurring transactions,”* said **Del Valle**. According to Payment and Commerce Market Intelligence (PCMI) data sourced by EBANX, tokenized wallets already represent approximately 25% of e-commerce card volume in Brazil, 20% in Chile, 16% in Mexico, 15% in Colombia, 13% in Argentina, and 9% in Peru. **Payments Summit** Hosted by EBANX, the Payments Summit brings together global leaders across payments and digital commerce to examine high-growth emerging markets. Grounded in real-world merchant case studies, market intelligence, and executive discussions, the forum spotlights the structural trends shaping digital economies across Latin America, Africa, and Asia. In 2026, the program featured an APAC edition in Jeju Island, South Korea, in partnership with Mastercard, alongside a Global edition in Guanacaste, Costa Rica, in partnership with Citi. ABOUT EBANX EBANX is the leading technology platform connecting global businesses to the world’s fastest-growing digital markets. Founded in 2012 in Brazil, EBANX was built with a mission to expand access to international digital commerce. Leveraging proprietary technology, deep market expertise, and robust infrastructure, the platform enables global businesses to offer hundreds of local payment methods and streamline cross-border payments across Latin America, Africa, and Asia. With a global footprint, it established a technology and regulatory headquarters in Singapore in 2026. More than just payments, EBANX drives growth, enhances sales, and delivers seamless purchase experiences for businesses and end users alike. For further information, please visit: Website: [https://ebanx.com/en/](https://ebanx.com/en/)  LinkedIn: [https://www.linkedin.com/company/ebanx](https://www.linkedin.com/company/ebanx)  ##### Related Releases [View all 30 Releases](https://business.ebanx.com/en/press-room/press-releases) ## Get in touch with our Public Relations office. 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View service restrictions on the [compliance page](https://business.ebanx.com/en/compliance/ebanx-values). The brand "EBANX" and the domain "ebanx.com" represent a group of several products and companies in Brazil and other countries. Some of these products may only be available for specific industries or countries, contact EBANX team to get further information. ```json { "@context" : "https://schema.org", "@type" : "Article", "articleBody" : "Following five country launches earlier this year, EBANX prepares operations in Pakistan with local wallets and instant-payment rail integrations, while launching native Apple Pay decryption across Latin America SINGAPORE, September 24, 2026 – At its annual Payments Summit, EBANX, a global technology company specializing in payment services for emerging markets, unveiled a new wave of product launches and geographic roadmap expansions, doubling down on its drive to solve payment complexity and unlock merchant growth. Among the new offerings, the company added Pakistan to its operations portfolio for the next semester, and a native decryption architecture for Apple Pay across Latin America and the Caribbean. The Summit, now in its ninth year, wrapped its APAC chapter in South Korea earlier this month and is running its global edition in Costa Rica through Friday, the 25th. “Solving complexity is the very core of what we do. Our expertise is transforming operational challenges into scalable growth for our merchants,” said João Del Valle, CEO and Co-founder of EBANX. “This is the underlying logic behind our moves, whether expanding into a new market or delivering advanced technological architecture.” Mobile-first and a double-digit growth opportunity in Pakistan Following the addition of Thailand, Indonesia, Malaysia, Vietnam, and Türkiye to its footprint in 2026, EBANX is preparing its payment operations in Pakistan for the next semester. The first alternative payment methods (APMs) to be offered are the local wallets JazzCash and Easypaisa, each reporting more than 50 million users. Next will be Raast, Pakistan’s rapidly growing national instant-payment rail. Data from the State Bank of Pakistan shows that Raast transaction volume nearly doubled in a year, going from 371.2 million in Q3 FY25 to 742.1 million in Q3 FY26. EBANX selected the country as its next frontier due to strong merchant demand and structural market complexity. According to World Data Lab (WDL) data analyzed by EBANX, Pakistan’s e-commerce spending is projected to grow at an average rate of 22% annually (2026-2030). With this high CAGR, the country is on track to more than triple its online market size over the decade. Pakistani Gen Z (ages 15–30 in 2026), especially, is experiencing a massive digital boom. Their spending on Video Gaming, Streaming, and Social Media is projected to grow at 17% annually through 2036—but credit card ownership among this cohort is below 10%. “Pakistan is a classic mobile-first market where smartphone ownership runs 20 to 40 percentage points ahead of card ownership. This makes local account-based payment methods, bank transfers, and digital wallets the key to winning market share,” said Eduardo de Abreu, CPO of EBANX and regional CEO of EBANX Singapore. “This payment fragmentation is challenging for global businesses, but bridging local payment infrastructure with global merchant needs is precisely what we have specialized in for over a decade.” Since its founding in Brazil in 2012, out of the necessity of global brands to connect with consumers and businesses through the Brazilian bank slip Boleto, EBANX has gone global, offering 400+ rails, 200+ payment methods, and processing over 4 million transactions per day. Apple Pay: EBANX decrypts in-house, so merchants don’t have to Starting in September, EBANX is rolling out a new operating model for Apple Pay that shifts the entire token decryption layer in-house. Under this setup, EBANX receives and decrypts encrypted Apple Pay tokens directly, managing certificates, security keys, and end-to-end PCI DSS compliance within its own infrastructure rather than requiring merchants to handle decryption. “The result is less burden for merchants and faster, safer, more seamless transaction flows, with EBANX owning the full end-to-end cardholder journey inside our acquiring stack,” explained Abreu. Apple Pay is a tokenized digital wallet that uses a debit or credit card as the underlying payment credential. With this new offering, EBANX—the only PSP with local acquiring across all 11 Latin American and Caribbean markets where Apple Pay operates—simplifies merchants’ operations while maintaining full end-to-end PCI DSS compliance within its acquiring infrastructure. Early production data underscores the model’s performance impact: tokenized wallet processing delivered an 11-percentage-point uplift in approval rates compared to non-tokenized card transactions, reaching 94.4%. Average Order Value (AOV) ran 23.5% higher than standard card purchases, reflecting strong alignment with high-intent digital consumers. “We have already built a successful partnership with Apple Pay in Brazil. Now, we are taking the most sophisticated version of that architecture across Latin America, from Guatemala to Argentina, for both one-time and recurring transactions,” said Del Valle. According to Payment and Commerce Market Intelligence (PCMI) data sourced by EBANX, tokenized wallets already represent approximately 25% of e-commerce card volume in Brazil, 20% in Chile, 16% in Mexico, 15% in Colombia, 13% in Argentina, and 9% in Peru. Payments Summit Hosted by EBANX, the Payments Summit brings together global leaders across payments and digital commerce to examine high-growth emerging markets. Grounded in real-world merchant case studies, market intelligence, and executive discussions, the forum spotlights the structural trends shaping digital economies across Latin America, Africa, and Asia. In 2026, the program featured an APAC edition in Jeju Island, South Korea, in partnership with Mastercard, alongside a Global edition in Guanacaste, Costa Rica, in partnership with Citi. ABOUT EBANX EBANX is the leading technology platform connecting global businesses to the world’s fastest-growing digital markets. Founded in 2012 in Brazil, EBANX was built with a mission to expand access to international digital commerce. Leveraging proprietary technology, deep market expertise, and robust infrastructure, the platform enables global businesses to offer hundreds of local payment methods and streamline cross-border payments across Latin America, Africa, and Asia. With a global footprint, it established a technology and regulatory headquarters in Singapore in 2026. More than just payments, EBANX drives growth, enhances sales, and delivers seamless purchase experiences for businesses and end users alike. For further information, please visit: Website: https://ebanx.com/en/ LinkedIn: https://www.linkedin.com/company/ebanx", "author" : { "@type" : "Person", "name" : "EBANX" }, "dateCreated" : "2026/09/24", "dateModified" : "2026/09/24", "datePublished" : "2026/09/24", "description" : "EBANX announces expansion into Pakistan and launches native Apple Pay decryption across Latin America, advancing payment infrastructure in emerging markets.", "headline" : "EBANX advances emerging market infrastructure with Pakistan expansion in motion and native Apple Pay decryption", "image" : "https://business.ebanx.com/hubfs/Screenshot%202026-09-24%20at%2009.30.40.png", "mainEntityOfPage" : { "@id" : "https://business.ebanx.com/en/press-room/press-releases/ebanx-advances-emerging-market-infrastructure-with-pakistan-expansion-in-motion-and-native-apple-pay-decryption", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://business.ebanx.com/hubfs/Blog/assets-blog/images/logo-ebanx-dd5f2ad14c2a2f6491f13745999ecb8c318a576ead4e69b7926e3c729f66dac2_resized.png" }, "name" : "EBANX", "sameAs" : [ "http://www.facebook.com/ebanx", "https://www.linkedin.com/company/ebanx", "https://www.youtube.com/channel/UCBbNcjuSD5jv_lot1JzrXiQ" ], "url" : "https://business.ebanx.com" } } ```