DolarApp selects Paymentology for card processing services

By Gloria Methri

Paymentology has partnered with DolarApp, the Mexican startup which provides digital dollar accounts to consumers across Latin America.

Established in 2021, DolarApp has grown popular in Latin America through its USD-denominated credit card. The card grants consumers the ability to send and receive transfers from multiple countries, dollarise their financial transactions with digital dollars, and pay with an international card issued by Mastercard in any currency at the best rates.

DolarApp is the first provider in Mexico to offer this service with no foreign exchange (FX) fees and transparent market rates, opening doors for millions of Mexican travelers to spend freely and economically.

Paymentology will provide DolarApp with a fast and scalable card payment program, along with first-class tokenization and security services. The services enabled through Paymentology encompass virtual and physical Mastercard card processing, 3DSecure technology, Apple Pay, and Google Pay.

As a result of this partnership, DolarApp can offer the convenience of both Google Pay and Apple Pay to its customers.

Alvaro Correa, Co-Founder & COO at DolarApp said, “We are delighted to collaborate with Paymentology as our strategic partner for card issuing and processing in Mexico. Their exceptional expertise and track record in the industry, coupled with their ability to provide tailor-made and agile payment solutions, perfectly align with DolarApp’s vision and requirements. Together, we are committed to launching new and exciting next-generation features that will continue to elevate our customer’s experience, as we continue to grow across Latin America.”

Alejandro Del Rio, Regional Director for LatAm at Paymentology, added, “As the first international account experience in Mexico, DolarApp has set a new standard of excellence, offering users with a competitive rate outperforming by over 1% some of the established players in the region. Our partnership is rooted in a shared commitment to empowering people and making a tangible impact on their financial lives, we look forward to making a lasting difference to people across Mexico and beyond.”