i2c, KEO and PAYBACK partner for new prepaid program in the American Express Network

By Pavithra R

i2c, a leading provider of digital payment and open banking technology, has announced partnering with KEO, an innovative lending company, and PAYBACK, the largest customer loyalty program in Mexico, to provide inclusive financing in Mexico through the KEO PAYBACK American Express Card.

“It is an honor to join forces with KEO in Mexico to deliver digital-first solutions to new market segments. The KEO PAYBACK American Express Card program marks a truly innovative and forward-thinking approach to overcoming traditional barriers to credit and next-gen payments,” said Kevin Fox, Head of Sales for the Americas, i2c.

The new collaboration aims to boost consumer credit availability and financial inclusion in Mexico. Backed by i2c’s highly configurable platform and supported on the American Express network, KEO conducts an all-digital underwriting process providing fast credit approval with no credit check or paperwork for users.

“We are excited to work with i2c and PAYBACK to offer eligible Cardmembers in Mexico an alternative credit solution, via an all-digital platform that will help them build credit history and obtain robust loyalty benefits, again demonstrating KEO’s commitment to financial inclusion,” said Paolo Fidanza, CEO & Co-founder of KEO.

“The KEO PAYBACK American Express Card with i2c and KEO helps provide new customers entry to a financial alternative that allows them to build a credit history and receive the benefits of our loyalty program and have access to the vast American Express acceptance network, including online and international purchases and a fully digital experience. We could only make this possible with partners that are technology-driven and digitally focused and we’re thrilled to play our part in this collaboration,” said José Ramón Ojeda, General Manager of PAYBACK Mexico.

Established in 2001, i2c provides smarter payments and integrated commerce solutions which enable financial institutions to deliver high impact, personalized consumer experiences. Its SaaS platform which has advanced building “block processing” technology at its core provides credit, debit and prepaid solutions to financial services organizations.