Latest news with #BeyondBorders2025
Korea Herald
5 days ago
- Business
- Korea Herald
Stripe users can now accept Pix in Brazil via EBANX
Coverage of Brazilian payment methods expanded for business es on Stripe to p rocess cross-border payments SAN FRANCISCO and CURITIBA, Brazil, Aug. 12, 2025 /PRNewswire/ -- EBANX, a global technology company specializing in payment services for emerging markets, has deepened its four-year partnership with programmable financial services company Stripe to expand coverage of Brazilian payment methods worldwide. Businesses on Stripe can now offer Pix, the popular instant payment method developed by the Central Bank of Brazil. They are now able to process Pix payments from Brazilian customers in Brazilian Reais, with settlements available in the merchant's domestic currency. " Our partnership with EBANX is important for increasing Stripe users' reach in Brazil, Latin America's largest market. For global commerce today, enabling how customers pay is often just as important as what's being sold. Customers prefer payment methods they know and trust, which directly impacts the bottom line. Our research found businesses on Stripe that offered at least one additional relevant payment method beyond cards grew revenue by 12% and improved conversion by 7% on average," said Krishnan Rajagopalan, global head for Expansion, Strategics and Incubation Partnerships at Stripe. EBANX's analysis of data from Payments and Commerce Market Intelligence (PCMI), the World Bank, and the Central Bank of Brazil revealed similar conclusions: by offering local payment methods in cross-border transactions, global e-commerce companies can reach twice as many consumers in Brazil compared to relying solely on international acquirers. EBANX's data showed that merchants offering Pix experienced a 16% increase in revenue and a 25% growth in consumers within six months. " Working with Stripe to offer Pix is a no-brainer. There are 60 million people in Brazil who lack a credit card. Meanwhile, 93% of Brazilian adults use Pix and, by the end of this year, its usage is projected to surpass credit cards in online purchases, according to PCMI in EBANX's study Beyond Borders 2025. Working together with Stripe ultimately empowers Brazilian consumers and businesses to participate more fully in the global economy," stated João Del Valle, CEO and Co-founder of EBANX. Both businesses directly integrated with Stripe and those using large e-commerce management platforms that use Stripe's infrastructure can now offer Pix for cross-border transactions. B2B businesses also stand to gain by transacting through Pix, which offers security and streamlines high-value payments. According to Beyond Borders 2025, it currently accounts for 51% of the value of online sales between businesses, more than double the value of consumer e-commerce transactions at 20%. Boleto Bancário, a type of bank slip that can be paid both online and offline, ranks second after Pix with 25% of online B2B value transacted in Brazil. ABOUT STRIPE Stripe is building programmable financial services for millions of businesses globally. Millions of companies use Stripe to accept payments online and in person, embed financial services, power custom revenue models, and build a more profitable business. Headquartered in San Francisco and Dublin, Stripe processes over $1.4 trillion of payments annually, equivalent to 1.3% of global GDP. Stripe users include half of the Fortune 100, 80% of the Forbes Cloud 100 and 74% of the Forbes AI 50. Through its scale and investments in R&D—particularly artificial intelligence and stablecoins—Stripe accelerates the utility of frontier technology in the global economy. For further information, please visit: ABOUT EBANX EBANX is the leading payments 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, EBANX enables global companies to offer hundreds of local payment methods and streamline cross-border payments across Latin America, Africa, and Asia. More than just payments, EBANX drives growth, enhances sales, and delivers seamless purchase experiences for businesses and end-users alike.
Yahoo
16-06-2025
- Business
- Yahoo
EBANX: Recurring Pix to unlock streaming and SaaS access for up to 60 million new consumers in Brazil
Available from today for people and businesses, Pix's new recurring feature is already integrated by EBANX Global streaming platforms and SaaS companies are among the first merchants to offer Pix Automático through EBANX Pix is already used by 91% of the adult population Pix Automático has the potential to unlock over USD 30 billion in online recurring payments within two years CURITIBA, Brazil, June 16, 2025 /PRNewswire/ -- Pix Automático, the new recurring payments feature within Brazil's popular instant payment system, launches today. Introduced by the Central Bank of Brazil in 2020, Pix is already used by 91% of the country's adult population. With Pix Automático, global digital companies, particularly subscription-based providers, are expected to broaden their reach to new consumers in Brazil. EBANX, a global technology company specializing in payment solutions for emerging markets, is already integrated with Pix Automático and ready to connect its merchants to the new feature starting today. Global streaming platforms and SaaS companies are among the first merchants to integrate the new feature into their checkout pages through EBANX's solution. Over 170 million consumers use Pix, according to the Central Bank of Brazil. At the same time, 60 million Brazilians don't have credit cards. This way, Pix Automático improves accessibility and unlocks new revenue potential. For companies that depend on recurring payments and currently rely solely on credit cards, the launch of Pix Automático opens up a significant growth opportunity in Brazil. According to Payments and Commerce Market Intelligence (PCMI) data in EBANX's study Beyond Borders 2025, Pix Automático could unlock over USD 30 billion in online recurring payments within two years. "The new recurring feature of Pix is the key to democratizing access to subscription services, enabling unprecedented financial control to millions of Brazilians," says Eduardo de Abreu, VP of Product at EBANX. E-commerce growth With the new recurring feature, Pix is projected to surpass credit cards as the most widely used payment method in Brazilian digital commerce by the end of 2025. The system is already the fastest-growing payment method for online purchases, considering emerging markets in Latin America, Africa, Southeast Asia, and India, with an annual growth rate of 35% through 2027, per PCMI's projections. This growth is related to today's launch. "Sectors with low Pix participation in transaction volume should experience a change in the coming years," projects Abreu, from EBANX. For SaaS and streaming companies, Pix accounts for 13% and 2% of all online volume transacted, respectively. The average across all verticals is 40%. These two sectors are still dominated by credit cards, with shares of 79% for streaming companies and 86% for SaaS. "Card volume is not expected to decline in sectors where recurring payments are key, but instead to grow alongside the overall market," states the VP of Product at EBANX. According to PCMI, Brazilian e-commerce is expected to grow by 40% over the next two years, representing an additional USD 167 billion in online purchase volume. ABOUT EBANXEBANX is the leading payments 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, EBANX enables global companies to offer hundreds of local payment methods and streamline cross-border payments across Latin America, Africa, and Asia. 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: Media Contact:Leonardo Stamilloleo@ CO View original content to download multimedia: SOURCE EBANX Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
