Latest news with #Ebanx
Finextra
3 days ago
- Business
- Finextra
Stripe businesses can now accept Pix in Brazil
Stripe has joined forces with Ebanx to let businesses from around the world accept Pix instant payments in Brazil. 0 Thanks to the partnership with Latin American platform Ebanx, businesses on Stripe can now offer Pix, the wildly popular instant payment method developed by the Central Bank of Brazil. Firms can process Pix payments from Brazilian customers in Brazilian Reais, with settlements available in the merchant's domestic currency. Krishnan Rajagopalan, global head, expansion, strategics and incubation partnerships, Stripe, says: '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." João Del Valle, CEO, Ebanx, adds: '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".
Finextra
10-07-2025
- Business
- Finextra
Ebanx integrates with Yape in Peru
Ebanx announced today its direct integration with Yape, Peru's superapp, for cross-border merchants of the digital economy. Yape supports both recurring and one-click and on-file payments through a simple user enrollment process. 0 Users will be able to pay for their purchases on global e-commerce websites with either their wallet balance or a linked card. In 2024, Yape captured the largest share of the volume transacted online with a digital wallet in the country, according to data from Payments and Commerce Market Intelligence (PCMI). EBANX's study Beyond Borders 2025 reveals that Peru's e-commerce market is expected to reach USD 60 billion by 2027, after growing 20% per year. 'With over 14 million active Peruvian users, Yape empowers millions of consumers with reliable daily transactions. This direct integration with EBANX marks a significant step in expanding our reach to global merchants, allowing them to tap into the vast potential of the Peruvian market,' says Claudia Silva, Head of Payments at Yape. Digital wallets have become a crucial part of the payment ecosystem in Peru. In 2024, wallets represented 10% of the country's total digital commerce transactions, and their share is expected to grow at an annual rate of 17% by 2027, according to PCMI. 'Yape is a key driver of this growth, reshaping the financial landscape and enabling financial inclusion, particularly for those without access to traditional banking,' Silvia points out. According to Beyond Borders 2025, digital wallets are increasingly becoming a preferred option for recurring transactions, thanks to innovative features that help improve approval rates. According to Yape's internal data, the company provides an impressive 93% approval rate on transactions, positioning it as an effective payment solution for businesses looking to thrive in Peru's rapidly growing digital economy. 'Through partnership with Yape, EBANX enables merchants to access a seamless, secure, and high-conversion payment solution that drives immediate results, for one-time purchases as well as for subscription-based services and recurring payments," explains Juliana Etcheverry, Director of LatAm Country Growth - South Cone at EBANX. "This partnership goes beyond payments; it's about fostering scalable, long-term growth for merchants in a rapidly evolving market," Etcheverry adds.
Finextra
16-06-2025
- Business
- Finextra
Pix adds recurring payments
Brazil's Pix instant payments platform has added a recurring payments feature. 0 Pix Automático will facilitate recurring charges that let users authorise periodic debits automatically, without the need for authentication for each transaction. The central bank predicts the feature will be useful for a host of options, including schools, colleges, gyms, condominiums, social clubs, health plans, streaming services, news portals, subscription clubs, and FS firms. Launched in late 2020, Pix has proved a runaway success, used by 170 million people, 91% of the country's adult population. At the same time, 60 million Brazilians don't have credit cards, leaving a significant potential market for the new Pix Automático. According to vendor Ebanx, it could unlock $30 billion in online recurring payments within two years. Ebanx has already integrated the recurring payments feature, with global streaming platforms and SaaS companies among the first to tap into it. PPRO and digital bank Nubank have also been quick off the mark with their own integrations coming onstream. Pix saw a 52% increase in transaction volume in 2024, according to central bank data. By the last quarter of the year, it accounted for nearly half of all non-cash payment transactions in Brazil.
Yahoo
28-01-2025
- Business
- Yahoo
New feature of Brazil's Pix system to draw $30 billion in e-commerce payments
By Andre Romani SAO PAULO (Reuters) - Brazil's payment system Pix is seen handling $30 billion in two years in e-commerce spending with a new feature for recurring bills that should benefit streaming firms, a study from financial technology firm Ebanx showed on Tuesday. Launched in late 2020, Pix, an online instant payment system designed by Brazil's central bank, has become Brazilians' favorite way to pay, surpassing credit and debit cards and nearly killing the use of cash. It currently handles over 2 trillion reais ($338 billion) in transactions per month. In June, the central bank is expected to launch "Pix Automatico," a feature to automate payment of recurring bills such as utilities and streaming services. "Pix Automatico should be really relevant," said Ebanx vice president of product Eduardo de Abreu, arguing key online segments such as software as a service and streaming services heavily rely on recurring revenues. Although Abreu sees credit cards as the main rival of Pix Automatico in the e-commerce segment, he projected most of the growth of the new feature in its first two years of operation should come from new customers who are currently shut out from the market by either not having a card or not having enough credit. Pix Automatico's total payments processed could be much higher than Ebanx's estimate, as the latest estimate focuses just on the e-commerce sector. Currently, recurring bills in Brazil are paid using bank invoices and automatic debiting, which require firms to partner with a variety of banks to handle their clients' charges. Pix Automatico, on the other hand, will require vendors to partner with just one financial company. Still, Moody's Ratings senior analyst Alexandre Albuquerque said lenders will likely not be threatened by Pix Automatico, as their revenues are diversified and they have client benefits such as cashback on credit-card payments. ($1 = 5.9109 reais) Sign in to access your portfolio
Reuters
28-01-2025
- Business
- Reuters
New feature of Brazil's Pix system to draw $30 billion in e-commerce payments
SAO PAULO, Jan 28 (Reuters) - Brazil's payment system Pix is seen handling $30 billion in two years in e-commerce spending with a new feature for recurring bills that should benefit streaming firms, a study from financial technology firm Ebanx showed on Tuesday. Launched in late 2020, Pix, an online instant payment system designed by Brazil's central bank, has become Brazilians' favorite way to pay, surpassing credit and debit cards and nearly killing the use of cash. It currently handles over 2 trillion reais ($338 billion) in transactions per month. In June, the central bank is expected to launch "Pix Automatico," a feature to automate payment of recurring bills such as utilities and streaming services. "Pix Automatico should be really relevant," said Ebanx vice president of product Eduardo de Abreu, arguing key online segments such as software as a service and streaming services heavily rely on recurring revenues. Although Abreu sees credit cards as the main rival of Pix Automatico in the e-commerce segment, he projected most of the growth of the new feature in its first two years of operation should come from new customers who are currently shut out from the market by either not having a card or not having enough credit. Pix Automatico's total payments processed could be much higher than Ebanx's estimate, as the latest estimate focuses just on the e-commerce sector. Currently, recurring bills in Brazil are paid using bank invoices and automatic debiting, which require firms to partner with a variety of banks to handle their clients' charges. Pix Automatico, on the other hand, will require vendors to partner with just one financial company. Still, Moody's Ratings senior analyst Alexandre Albuquerque said lenders will likely not be threatened by Pix Automatico, as their revenues are diversified and they have client benefits such as cashback on credit-card payments. ($1 = 5.9109 reais)
