CellPoint Digital, a leading provider of digital commerce and payment solutions to airlines and travel companies worldwide, and EBANX, a global fintech company headquartered in Brazil, leader in payment solutions for Latin America, have today announced an exciting new partnership to provide travel merchants the payment option they need to succeed in this complex region.
Travel companies seeking to develop their business in Latin America face a fragmented payment environment with numerous local cards or alternative forms of payment like, OXXO in Mexico or Rapipago in Argentina. These niche payment methods are a must in the region. Only 113 million people out of a population of approximately 650 million have credit cards. Travel companies also face high cross-border fees if they do not use local acquiring banks.
As Matthew Nutting, Head of Travel at EBANX, says: “Customers in Latin America use a multitude of specific payment methods and there are specific regulations in each market. We have built over the years a unique payment network that includes the most popular payment methods and all the major banks in the region. We are delighted to combine our capabilities with CellPoint Digital’s payment platform to offer the best payment options to travel merchants in the region.”
CellPoint’s Payment Control Platform, Velocity, will directly integrate with EBANX payment solutions, providing access to more than 100 popular payment methods, numerous local banks and local settlement services. Travel merchants will be able to deploy the cards or payment methods required to succeed in each Latin American market. They will benefit from optimized card payment acceptance rates, as transactions are routed to local acquirers.
“We are committed to offering the most efficient payment solutions in each region, and EBANX is an ideal partner for Latin America,” said Noel Connolly, SVP Global Head of Sales and Partnerships. “With EBANX payment options in our eco-system, travel merchants can offer the preferred payment methods in each Latin America country and implement fast local acquirers.”
CellPoint Digital’s fast-growing payment eco-system already includes more than 350 payment partners that can be instantly managed by the Velocity Payment Control Platform. The EBANX partnership is the latest addition to an expanding list of payment partners including PPRO, Citcon and Veritrans.
For more information about the EBANX partnership, to interview Noel Connolly, SVP Global Head of Sales and Partnerships at CellPoint Digital, please contact Vanessa Horwell at firstname.lastname@example.org.