Latin American Fintech Giant EBANX Expands into Africa

EBANX, a global payments fintech company founded in Latin America, announced it is expanding its operations and payments solutions outside Latin America for the first time.

After growing its footprint to 15 Latin American countries for more than a decade, EBANX has prioritized global expansion on the African continent, which it believes is the next big growth frontier for digital payments and digital market during the 2020s.

"Africa's fast-growing digital economy is only in its early days, and it's projected to grow up and to the right for the next few decades. Together with local players, EBANX will be a catalyst to realize the many benefits of a digital economy even faster,"said João Del Valle, CEO and co-founder of EBANX.

"Africa is now bursting with growth potential. Digital adoption and consumption of online goods and services have accelerated rapidly within its countries, and investment capital has been pouring into the region,"said Paula Bellizia, President of Global Payments at EBANX.

"After studying the region and building a deep understanding of its local players, entities, and challenges, we are diving into Africa to provide local payments solutions that will help build the digital economy at a rapid pace, drive broader financial inclusion for its population, and provide greater access to a variety of goods and services from global merchants interested in building their market share there."