Partnership enables global brands to access local payment solutions in the Latin America region
CURITIBA, BRAZIL AND VIENNA, AUSTRIA – APRIL 25, 2023 – IXOPAY, a leading 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 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.
"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," said Gregory Cornwell, VP of Global Channels and Business Development at EBANX.
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.
“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,” said Adam Vissing, VP Sales and Business Development at IXOPAY.
IXOPAY is a payments orchestration platform enabling independent, flexible and global payment processing. As a highly scalable and PCI-DSS certified “fintech enabler,” IXOPAY fulfills the needs of large merchants as well as those of “white label” clients: payment service providers (PSPs), acquirers and independent sales organizations (ISOs). The modern, easily extendable architecture offers smart transaction routing & cascading, state-of-the-art risk & fraud management, fully automated reconciliation and settlements processing, comprehensive reporting as well as plugin-based integration of acquirers, payment service providers and alternative payment methods (APMs).
IXOPAY is part of the IXOLIT Group, founded in Vienna, Austria, in 2001. With local entities in Austria and the USA, IXOLIT supports national and international customers across various industry verticals. The owner-led and -financed company has grown from two to more than 80+ employees and is focused on building innovative solutions for eCommerce.
Please find more information about IXOPAY here: https://www.ixopay.com
EBANX is the leading international payments platform, connecting global companies with customers from the fastest-growing digital markets in the world. The company was founded in 2012 in Brazil with the mission of providing access to international digital commerce. With powerful proprietary technology and infrastructure combined with in-depth knowledge of the markets where it operates, EBANX gives global businesses access to hundreds of payment methods in Africa and Latin America. EBANX goes beyond payments, helping increase sales and fostering seamless purchase experiences.
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December 3, 2018
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Uber and EBANX partner for payments with PIX in Brazil
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