Spreedly, EBANX Expand Brazilian eCommerce Access
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Key Facts: Spreedly & EBANX Partnership Expansion in Brazil
* Partnership: Open payments provider Spreedly has expanded its partnership with payments services firm EBANX, focusing on the Latin American market, specifically Brazil.
* New Support: The collaboration now includes support for Brazil’s Automatic Pix and NuPay.
* Pix Growth: Pix, Brazil’s instant payment system, is rapidly growing, processing $5.3 trillion annually and projected to surpass credit cards for online payments by 2025.
* Problem Solved: Spreedly’s platform simplifies access to Pix Automático and NuPay for merchants, avoiding complex and costly integrations with individual payment service providers (PSPs).
* Payment Methods Supported: Through this partnership, merchants can accept:
* Credit and debit cards
* Pix (single transactions & Automatic)
* MercadoPago (e-wallet)
* Bank Slip (cash-based)
* Market Coverage: Spreedly now covers almost 100% of payment methods used in Brazilian e-commerce.
* Market Significance: Brazil is the largest e-commerce market in Latin America and a fast-growing digital market ($378 billion e-commerce market).
* NuPay Focus: NuPay focuses on recurring and installment-based payments.