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Kushki launches as payment acquirer in Latin America

By Delisha Fernandes

October 11, 2023

  • Banking Institutions
  • FinTech Latin America
  • Fintech news

Kushki, merchant acquirer, Visa, Mastercard, banking institutions, modern technology, FinTech news, FinTech US, FinTech Latin America

Kushki, a PayTech company, has become next-generation merchant acquirer in the region to make payment innovation more accessible.

This includes primary membership with Visa and Mastercard in MexicoChilePeru and Colombia through a partnership, all delivered through a standardized modern proprietary processing platform, making it one of the largest acquirers in the region by coverage.

“We started this project back in 2017, the amount of resources and commitment driven into this massive regulatory and infrastructure project is a first for LatAm, we invite businesses to use it widely either directly, or build a payment company on top of us”, said Aron Schwarzkopf, co-founder and CEO of Kushki. “As the first regional acquirer, we will be able to make payment innovation more accessible and give stores and payment services providers more control over their transactions.”

Kushki offers direct connections to primary payment networks. This means merchants and other businesses that wish to be part of the regional payment ecosystem will be able to directly link to and communicate with top payment networks and systems in Latin America without relying on additional intermediaries or third-party banking institutions.

The new model will provide benefits for both merchants and customers paying in both physical and online stores, including faster transactions, increased stability and traceability in transaction processing, and a more tailored service. Kushki, through its constant  innovation, continues to provide a modern technology platform with a  full understanding of the regional payment regulations that new players in the market require to succeed.

This is yet another important initiative from Kushki, which last year launched a new business division, Kushki Mundial, to allow global clients to access Kushki’s payment technologies in the Latin America region from anywhere in the world, connecting with local alternative payment companies and platforms.

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