- EBANX, which is a financial technology firm, has announced a new partnership with VTEX, a provider of platform-based online commerce services for large firms.
- The new arrangement will specifically affect companies based in Brazil by giving them more payment methods to accept.
- “We are very happy with this announcement of a new partner as important as VTEX, which shares our vision of efficiency, agility and providing more access to cutting-edge technology,” said a senior figure at EBANX.
EBANX, a leading financial technology company, has confirmed that it will be pairing up with a digital commerce organisation as part of a new push for improved cross-border payments.
EBANX said that it will be working with VTEX, which is a provider of platform-based online commerce services for large firms.
The arrangement will affect firms based in Brazil and allows them to expand the range of payment methods they have on their books.
It is thought that they will be able to accept over 100 payment formats in 15 Latin American nations.
In a statement, a senior figure at EBANX said that the company was very pleased with the announcement.
Paula Bellizia, who is the president of global payments there, said that the two firms shared a vision – especially when it came to “agility” and “efficiency”.
“We are very happy with this announcement of a new partner as important as VTEX, which shares our vision of efficiency, agility and providing more access to cutting-edge technology,” she said.
She explained that the Latin American international money transfer market was predicted to take close to US$50bn this year.
“The cross-border market in Latin America will move around US$45 billion in 2022, according to data from our latest Beyond Borders study, and it is time for major Brazilian players to take advantage of this opportunity to expand their business,” she said.
She also said that clients would be able to take advantage of the large amount of expertise that the firm had accumulated in recent years.
“In addition to the first-rate product, these customers can now take advantage of EBANX’s experience after more than 10 years in the region, to make it easier to deal with the various legislation and payment types in different countries,” she explained.
Speaking for VTEX, meanwhile, the vice president of global alliances there said that the pairing would allow the company to get nearer to one of its goals.
Rafael Brandão explained that the firm wanted clients to be able to look after all of their orders on the platform.
“With this partnership, we are closer to one of our main strategic objectives, which is to make VTEX the single control panel, that is, to allow our customers to manage 100 percent of their orders through our platform,” he said.
Firms like these are making moves in the international money transfer sector all the time – to learn more about what they’re up to, just head over to this reviews section and see what you can find out.
