IXOPAY, a leading independent payment orchestration provider, and EBANX, a fintech company specializing in international payments in emerging markets, have announced a partnership. The partnership will focus on providing global brands with access to local payment solutions and offering local payment methods to consumers, starting with the Latin America region.

The main goals of the partnership are to improve accessibility to new regions and to facilitate growth for international merchants. IXOPAY’s agnostic payment orchestration platform provides the basis for flexible payment stacks, connecting its clients to multiple payment providers and payment methods via a single API. By joining forces with EBANX, this will extend the ability to accept local cards in Brazil, Mexico, Argentina, Columbia, Chile and Uruguay.

Central and South America are the fastest-growing regions of digital buyers worldwide and will continue to grow through 2025, with an annual growth rate 2.5 times that of North America, according to the latest EBANX Beyond Borders study. With these rising consumer numbers, digital payments have become more and more relevant, providing access to a huge range of products and services in the digital space.

"Through this partnership, EBANX helps IXOPAY offer its global customers access to localized payments to meet the particularities of digital commerce in the largest economies in Latin America. Localized payments methods are critical to achieving the best results with consumers in rising markets. We are thrilled to be working together with IXOPAY in our mission to promote access through payments", said Gregory Cornwell, VP of Global Channels and Business Development at EBANX.

The high demand for digital services stems from a young and connected population, who are  once again driving innovation in the payment industry. Latin America is one of the world's most innovative regions when it comes to payments, laying the foundation for digital revolutions in account-based transfers, e-wallets and cash-based vouchers. Forecasts for the region predict growth in alternative, instant and mobile payment methods, with the use of credit cards still leading with a 28% market share.

“Our partnership with EBANX is a success for both enterprises, and most importantly our global clients. The agnostic nature of IXOPAY has proven to be a breeding ground for innovation in the past. It goes in line with consumer’s demands for flexible, instant payment services, which at the same time provide the highest level of data security. We are delighted to be able to extend IXOPAY’s reach in Latin America and to provide independence and choice to its businesses and customers”, said Adam Vissing, VP Sales and Business Development at IXOPAY.