(Reuters) – Brazilian fintech Ebanx stated on Tuesday it has launched a partnership with digital commerce platform VTEX, in a brand new push to present expanded cost companies for its Latin American shoppers.
The partnership will allow cross-border payments to Brazilian firms that function in Mexico, and Central and South America, in addition to within the Dominican Republic, Paula Bellizia, a worldwide payments government with Ebanx, instructed Reuters, and can provide greater than 100 cost strategies in 15 nations throughout the area.
The deal covers “an entire integration for the cost course of, with a deal with Brazilian firms which might be already internationalized, or are within the strategy of doing so,” Bellizia stated.
She declined to present shopper names, however stated sectors corresponding to journey and e-commerce will profit probably the most from the brand new payments choices.
Created in 2000, London-based VTEX led the world’s digital commerce platforms market final yr, in accordance to the IDC MarketScape survey revealed by market researcher International Data Corp. Latin America is VTEX’s high market, making up greater than 80% of its revenues.
“There is increasingly integration in Latin America, with (the area) exhibiting its worth to the world,” stated Rafael Brandao, VTEX’s vice chairman for international alliances.
The principally Spanish- and Portuguese-speaking area is understood for its vital development potential.
A survey carried out final November by Americas Market Intelligence and Ebanx projected that Latin America’s cross-border digital market will see development of 45% in 2022, in contrast with the earlier yr, to attain $45 billion in complete market worth.
(Reporting by Carolina Pulice; Editing by David Alire Garcia and Leslie Adler)
