Brazil’s Ebanx partners with Nubank to offer payment service to customers
9:05 am Tuesday, July 11th, 2023
By Carolina Pulice
MEXICO CITY (Reuters) – Brazilian financial technology company Ebanx said on Tuesday it has signed a deal to partner with digital bank Nubank to offer more payment services for customers as it tries to consolidate and expand operations in Latin America.
Ebanx will now offer corporate customers the option of paying via NuPay, an alternative payment method developed by Nubank for international purchases. Ebanx’s 1,600 corporate clients include Airbnb, Shopee and Uber.
Alternative payment methods have helped drive the growth of e-commerce in Latin America and already account for 39% of the total digital commerce volume in the region, Ebanx said.
“We have to integrate payment methods that will make life easier for global customers wanting to operate in the markets … so that the customer has the best business penetration in these countries,” Paula Bellizia, global payments executive at Ebanx, told Reuters.
In April last year, Ebanx announced a partnership with digital commerce platform VTEX to enable cross-border payments to Brazilian companies operating in Latin America.
Ebanx also plans to kick off operations in eight African countries by the end of the year, the company said in a statement.
(Reporting by Carolina Pulice in Mexico City; Editing by Matthew Lewis)
