back Back

Paymentology and Nelo partner to expand in-person payments in Mexico

By Delisha Fernandes

September 15, 2023

  • Consumer Payments
  • Credit Card
  • credit products
Share

Paymentology, Nelo, In-Person Transactions, consumer payments, credit products, Google Wallet, credit card, Tap to Pay solution, FinTech news, FinTech USPaymentology, 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.”

Previous Article

September 15, 2023

Deutsche Bank partners with Taurus for crypto asset management

Read More
Next Article

September 15, 2023

Socure partners with Public to launch investment service in the UK

Read More






IBSi Daily News Analysis

cloud,

July 19, 2024

Consumer Payments

SMEs leverage cloud to gain competitive edge, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

July 19, 2024

Ecommpay & Mastercard partner to deliver Click to Pay in Europe

Read More

July 19, 2024

FinTech Focus: Catch latest developments of the week

Read More

July 19, 2024

Paysys Labs & Raqami Islamic Digital Bank to fuel digital payments in Pakistan

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024