Latest news with #PCMI
Korea Herald
4 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.
Finextra
24-06-2025
- Business
- Finextra
Aplazo to offer BNPL payments for cross-border e-commerce purchases
EBANX, a global technology company specializing in payment services for emerging markets, and APLAZO, a Mexican fintech specializing in Buy Now, Pay Later (BNPL) solutions, announce a strategic alliance to strengthen the offering of flexible payments in Mexico. 0 This collaboration enables international online merchants to offer their customers in Mexico accessible financing options tailored to their needs. For the first time, APLAZO will be available for cross-border e-commerce purchases through EBANX's payment platform. By combining alternative payments like APLAZO with local cards, global companies can reach over three times more Mexican consumers compared to relying solely on international acquirers, according to EBANX analysis. This allows merchants to target an additional customer base of 72 million people in the country, according to Payments and Commerce Market Intelligence (PCMI). 'Mexico is one of the most dynamic markets in Latin America, where e-commerce is expected to grow 25% annually until 2027, with digital payment adoption aligned with this growth,' says Eduardo de Abreu, VP of Product at EBANX, citing PCMI data. 'Partnering with APLAZO will allow us to expand our local reach and offer our global clients an alternative that directly responds to the preferences of Mexican consumers,' adds Abreu. The integration of EBANX and APLAZO solutions will allow merchants to offer a more flexible payment experience, potentially generating tangible benefits such as increased average ticket size, higher purchase frequency, reduced cart abandonment, and access to new market segments, all through a seamless and simple integration. 'Our mission at APLAZO is to provide access to credit in a fair, simple, and transparent manner. This partnership with EBANX reinforces our commitment to facilitating access to financing for millions of consumers in Mexico and accelerating the digitalization of commerce in the country," says Alex Wieland, CRO and co-founder of Aplazo. BNPL in Mexico BNPL is gaining traction in e-commerce in Mexico: the payment method is expected to grow by 20% in online sales this year, according to data from PCMI, and continue accelerating at an annual rate of 16% through 2027. This growth is being driven by strong adoption among younger generations. Data from APLAZO shows that 38% of millennials and 31% of Gen Z consumers in Mexico already use BNPL as a payment method. Track record APLAZO has secured over USD 100 million in equity financing and USD 75 million in debt financing since its launch in 2020. Its focus on fair and transparent financial solutions has been key to its rapid expansion in the Mexican market. Meanwhile, EBANX has consolidated its presence in Mexico since 2015, facilitating local payments for global companies and connecting over 500 of the world's largest digital companies with customers in 29 countries across Latin America, Africa, and Asia.
Korea Herald
17-06-2025
- Business
- Korea Herald
EBANX: Recurring Pix to unlock streaming and SaaS access for up to 60 million new consumers in Brazil
CURITIBA, Brazil, June 17, 2025 /PRNewswire/ -- Pix Automático, the new recurring payments feature within Brazil's popular instant payment system, has just launched. 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 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
Express Tribune
29-03-2025
- Business
- Express Tribune
SMEs face e-commerce bottlenecks
Listen to article Pakistan's small and medium-sized businesses are trying to catch up with the global e-commerce boom, but their journey is not easy and is riddled with many infrastructural bottlenecks like unreliable internet, payment barriers and a lack of trust in online shopping to name a few. There are various estimates on the current size of the e-commerce sector. According to the Payment and Commerce Market Intelligence (PCMI), a subsidiary of America's Market Intelligence, the total e-commerce volume in Pakistan in 2024 was $7.7 billion while retail e-commerce amounted to $5.4 billion. PCMI has forecast a compound annual growth rate (CAGR) of 17% for e-commerce between 2024 and 2027, with the projected value of transactions expected to reach $12 billion. This growth is driven by a young, tech-savvy population and the rise of business-to-consumer (B2C) and business-to-business (B2B) platforms such as Daraz, Alibaba and Shopify. For SMEs, which make up over 90% of Pakistan's businesses and contribute 40% to its GDP, going digital is not just an option, it is now becoming a survival strategy. Yet, many business owners say the path to success is far from smooth. Take the example of Sana Ahmed, an artisan who sells handmade jewellery. When the pandemic hit, Ahmed's local sales dropped by 80%, forcing her to move business online. "I started posting my products on social media platforms and online marketplaces, and within months, orders started coming from those cities which I never even visited," she said. Today, 60% of my sales come from overseas Pakistanis in the Middle East and Europe. "However, customers abroad want to pay through PayPal, which is not available here. I have to use bank transfers, which take days in process or opt for cash-on-delivery, which sometimes leads to order cancellations," she added. On the other side, ie, customers, trust remains a big issue. Ali Raza, a Lahore-based online shopper, said he prefers cash-on-delivery for most online purchases. "Last year, I paid upfront for a phone charger that never arrived. Now, I only use cash-on-delivery, even if it costs extra," he said. According to PCMI, in Pakistan 75% of online shoppers prefer cash-on-delivery. This phenomenon is still common as it was 10 years ago. While the digital payment volume, according to figures quoted by the State Bank of Pakistan (SBP), jumped to 84% in FY24, most of those were in-store mobile payments and not online sales. Economists argue that without secure, user-friendly payment systems, e-commerce growth will stay limited. "Imagine if India had not introduced Unified Payments Interface (UPI) or if Bangladesh did not have bKash, would they have been able to boost their e-commerce industries to current levels," asked Osama Siddiqui, a Karachi-based economist. "Pakistan's Raast system is a good start, but it needs to scale faster," he added. The internet itself is another stumbling block. Pakistan ranked 97th globally in mobile internet speed in February 2025, with an average speed of 25.39 Mbps, far behind India, ranked 20th with 144.33 Mbps and Bangladesh, at 87th place with 37.98 Mbps, according to Ookla's Speedtest Index. In rural areas, the problem is even worse. Usman Khan, who runs a small clothing store in Peshawar, said internet outages cost him sales volume daily. "Last month, there was a 12-hour shutdown in our area, customers could not access my website, and at least 50 orders were canceled. Even when the internet works, uploading product photos takes a much longer time," he said. Such decade-old issues put Pakistan's SMEs and their online presence at a disadvantage compared to regional neighbours. India's e-commerce market, worth $123 billion, thrives on cheap data and widespread digital literacy, while Bangladesh's $7.5 billion sector benefits from tax breaks for online exporters and a robust mobile money ecosystem. Government initiatives, like the 2019 Digital Pakistan Policy and the National E-Commerce Council, are aimed at bridging these gaps. Recent moves include tax incentives for IT exports and talks with global payment platforms. Google Pay has initiated its services from Pakistan recently but it is a one-way method. Nevertheless, SME owners say progress is too slow. "We hear about workshops on digital marketing and B2B methodologies, but they are only held in big cities. How will a craftswoman in Swat or a farmer in Sindh learn these skills," asked Sana Ahmed. Others demand better infrastructure. "The government should treat internet access like electricity or water, it's a basic need for businesses now," said Usman Khan, neglecting the fact that electricity and water are still not available in far-flung areas. Osama Siddiqui added that logistics and shipping costs are also key issues both for domestic and global shipments. Apart from that, with low consumer spending due to hyperinflation, there is a need for SMEs and online businesses to find new markets to survive. There is a huge young population spending most of their time on smartphones. Many like to buy online in every part of the world. "Going online is not easy, however, it is the future. We have to build proper infrastructure and most importantly, build trust among local and foreign buyers. We often see customers who shop on their phones. If we cannot fix our problems, they will ultimately disappear and we may lose a big market," Siddiqui remarked.
