Paymentology and Nelo partner to expand in-person payments in Mexico
By Delisha Fernandes
Paymentology, a global issuer-processor, has announced its partnership with Nelo, a consumer payments platform in Mexico, to support its Mastercard in-person payments via Billetera de Google in Mexico and the launch of physical cards.
Kyle Miller, co-founder and CEO of Nelo said, “We’re incredibly proud to be among the first to enable Google Pay in Mexico. Empowering consumers across LatAm is our mission, and in response to our customers’ high demand, we now provide the means to pay in person. Through our collaboration with Paymentology as our global technical partner, we have the expertise and infrastructure, to introduce a transparent and equitable credit solution, redefining the essence of credit itself.”
The Nelo card, along with the integrated Google Wallet feature, provides customers with the flexibility to either settle their entire balance or opt for financing specific purchases gradually, enabling widespread usage of the popular online purchasing solution. Nelo’s product is different from a conventional revolving credit card due to its inclusion of partial biweekly repayments, making it a distinctive offering in the market.
With Paymentology, Nelo now has access to a fast and scalable infrastructure solution, enabling the smooth launch of its Tap to Pay solution through Google Wallet, along with its physical card. With Paymentology’s support, Nelo can offer more people access to credit swiftly and reliably, making Nelo’s services accessible and efficient.
Alejandro Del Rio, Regional Director for Latam at Paymentology said, “Through our innovative solutions and superior technological ability, we are empowering Nelo to bridge the financial divide with this latest development in the partnership, reaching out to those previously unbanked and integrating them into the financial system. We are excited to continue supporting Nelo on its journey to enhance its customers’ purchasing power while remaining ethical.”
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