ONPEX has announced a new strategic partnership with EBANX to provide ecommerce payment solutions in Brazil. Latin America is the second fastest-growing ecommerce market in the world – only trailing behind China.
EBANX and Brazil
EBANX is one of the market leaders in ecommerce payment solutions for international merchants targeting the Brazilian market. EBANX removes the barriers for ecommerce merchants outside of Brazil to sell online through local payment methods like Boleto Bancario, local online bank transfers and credit cards.
According to the EBANX website, 35% of all online transactions in Brazil are made through Boleto Bancario. And, thanks to high internet penetration rates, a booming market for affordable devices and an increasingly digital culture, Brazil is leading the way at the heart of Latin America's ecommerce growth.
Seamless integration with ONPEX for global acceptance
In addition, EBANX simplifies the process for Brazilian merchants to reach across international borders. In order to enhance their connectivity to different acquirers globally, the company has now partnered with ONPEX and has been seamlessly integrated into the ONPEX white-label payments platform.
ONPEX delivers a global, white-label cloud payment solution combining card processing and alternative payment methods on one unified, omni-channel platform. Their solution help Payment Service Providers and banks to grow their payment business globally. With this partnership, ONPEX' customers of payment solution providers and banks are now able to enable their clients (merchants) to enter the Brazilian ecommerce market.
Extensive global acquiring network
Wade Pylka, EBANX’s VP Business Development, comments: "I’m very excited for our partnership with ONPEX as we are able to reach an extensive global acquiring network and offer our services to all of their partners. Such a relevant collaboration will give us the opportunity to be connected to a sophisticated technical platform, providing merchants with a global network and allowing Latin Americans to reach further markets."
Understanding local needs
Christoph Tutsch, ONPEX CEO, said: “Brazilian consumers are late entrants to the world of ecommerce and they come with high expectations. They expect a seamless experience across all channels and a high performance from all ecommerce providers. It is very exciting to be able to extend our services to a new unexplored market. Together with EBANX, merchants in South America will be able to enjoy a tested and successful payments platform that is fully compliant with local tax regulations and that understands local needs.”
ONPEX is a global, white-label cloud payment solution combining card processing and alternative payment methods on one unified, omni-channel Platform as a Service (PaaS).ONPEX solutions accelerate international expansion and the development of ISOs, PSPs, banks and developers and offer the flexibility they need to grow globally in the payment business.The ONPEX Acquiring Network simplifies the complexity of international electronic payments offering access to merchant accounts and acceptance agreements globally.Founded in 2010 in Germany and Luxembourg, ONPEX has connectivity to over 300 acquirers and payment methods internationally and operates entities in Europe, the USA and Asia.
Sourced from Press Release by ONPEX, September 8th, 2015