Spreedly, EBANX Partner to Expand Access to LatAm Payments

Spreedly and EBANX have announced a partnership to provide international companies with streamlined access to Latin America’s growing portfolio of alternative payment methods, including Brazil’s Pix, digital wallets, and local credit cards.

The collaboration aims to help global merchants localize their payment strategies across 17 countries in the region. It supports various payment types, including cash vouchers and installment-based credit card transactions, to drive customer adoption and revenue growth.

Spreedly, an open payments platform, and EBANX, a payment service provider specializing in emerging markets, are already helping companies like Busbud and Rocket Travel by Agoda adapt to Latin American consumers’ payment preferences.

"Latin America is a key market for global expansion, with diverse payment preferences driving success," said Rose François, VP of Partnerships & Business Development, Spreedly. "Our collaboration with EBANX empowers merchants to offer local payment methods, enhancing customer satisfaction while supporting business growth."

The partnership spans major markets such as Brazil, Mexico, and Colombia and extends to emerging digital economies like Peru and Chile, as well as countries in Central America and the Caribbean.

According to EBANX, Mexico and Peru are expected to grow their digital commerce markets by 25% and 20% annually, respectively, through 2027. Brazil’s online market, currently valued at US$346 billion, is projected to reach US$586 billion over the same period, based on data from Payments and Commerce Market Intelligence (PCMI).

While alternative payment methods are expanding, cards remain a cornerstone of Latin America’s payments ecosystem. Credit and debit cards account for 54% of digital commerce, with local credit cards representing 21% of total online transactions. In Brazil, this figure rises to 34%, with over 20% in Argentina and Ecuador.

“Cards continue to play an essential role alongside emerging methods like Pix. Companies must integrate multiple payment options to meet the diverse needs of customers,” said Daniel Kornitzer, VP Head of Global Partnerships, EBANX.