Brazil

Cross-border payments provider dLocal is offering its technology platform for Spotify users in Latin America, enabling alternative payment methods for underbanked Spotify Premium customers purchasing digital music.

With consumers and merchants alike sharing the need to be paid faster, the case for adopting real-time payments globally has quickly advanced during the COVID-19 pandemic.

Payments in Brazil are about to make a significant pivot, turning a country in which consumers rely heavily on cash and remain skeptical about payment cards into the next region to pioneer faster payments.

Mobile financial network provider Rapyd is embedding its open development tools with Brazilian processors to support payments in any local method.

Mastercard Inc. closed its office in Sao Paulo and an annex location near its headquarters in New York after an employee contracted coronavirus.

Offering the preferred payment method is essential to converting customers in LATAM. But the diversity of each country’s market makes this easier said than done, says PPRO's Steve Villegas.

The central bank of Brazil will launch the Brazilian Instant Payments Scheme, or PIX, in November as the single brand for instant payment functionality.

Global fintech Ebanx is partnering with Uber to enable consumers in Brazil to pay for the ride-sharing service by topping up their Uber Cash balance with the country's voucher-based payment system.

Ebanx isn't new to the payments technology game in Latin America, having focused on cross-border e-commerce technology a few years ago to allow consumers in that region to make purchases from international merchants.

In theory, the beauty of e-commerce is that a merchant can court any shopper in any part of the world with an internet connection. In practice, attracting a shopper and providing them with the customer experience they expect will look different in every country, says Lee Clifton of JP Morgan Merchant Services.