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EBANX and Zuora to expand in 15 countries across LATAM and Africa

By Gloria Mathias

July 11, 2024

  • Argentina
  • Brazil
  • Chile

EBANX, Zuora, payment experience,  LatAm, South Africa , Nigeria, Brazil, Mexico, Colombia, Chile, Peru, Argentina, Uruguay, Paraguay, Costa Rica, the Dominican Republic, Guatemala, El Salvador, Panama, South Africa, EBANX, a global payments technology company, has announced a partnership with Zuora, a monetization suite for modern business. This integration will enable Zuora’s customers to offer a streamlined payment experience in LatAm, South Africa and Nigeria.

The collaboration aims to support Zuora’s customers’ global expansion by enhancing local payment method acceptance in 13 markets across Latin America and two markets in Africa, supporting global subscription-based and recurring revenue businesses in these regions.

According to Payments and Commerce Market Intelligence (PCMI), LatAm’s digital services market is expected to grow 30% year over year by 2026 and reach $271 billion. In Africa, SaaS will be the fastest-growing vertical within the digital commerce market, accelerating at a 25% CAGR by 2026, per the Beyond Borders study—faster than the global average. The Zuora and EBANX integration will help digital businesses, especially those within SaaS or with recurring revenue streams, seize this growth potential.

The partnership focuses on Brazil, Mexico, Colombia, Chile, Peru, Argentina, Uruguay, Paraguay, Costa Rica, the Dominican Republic, Guatemala, El Salvador, Panama, South Africa, and Nigeria. It facilitates payments with credit and debit cards, including those that are not enabled for cross-border purchases, as well as Pix payments.

“Latin America holds opportunities beyond traditional powerhouses such as Brazil and Mexico for global digital companies. And Africa is at its prime time to undergo a digital commerce acceleration,” said Gregory Cornwell, VP of Global Channels & Business Development at EBANX. “We are happy to partner with Zuora and make our technology and solutions available for their merchant base. And beyond that, to work together in helping connect these players to the immense potential of LatAm’s and Africa’s digital markets.”

“Our partnership with EBANX underscores our dedication to supporting global businesses with the most advanced and comprehensive monetization solutions,” said John Phillips, SVP of Global Alliances at Zuora. “Having a local partner like EBANX is crucial to streamline market entry and accelerate growth in Latin America and Africa. By integrating EBANX’s capabilities, we can help our customers access essential payment methods to succeed in these regions.”

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