payabl. expands LatAm coverage with major payment methods
By Delisha Fernandes
payabl., a Europe-based PayTech company, has announced the integration of four major local payment methods in Latin America – PIX, Boleto, OXXO and SPEI – to its portfolio of local payment methods, significantly enhancing coverage across the region.
This move underscores payabl.’s mission to help merchants worldwide supercharge their business growth with easy-to-access, localised payment solutions.
“Launching these new payment solutions in Latin America reinforces our commitment to driving growth for merchants. Providing consumers with their preferred payment method at checkout not only improves the overall customer experience and satisfaction but also increases conversion rates for merchants,” said Igor Skachkov, CPO at payabl. “Our commitment to transforming the payment landscape supports the digital transformation of local economies and positions us at the forefront of commerce innovation in LatAm and around the world.”
Latin America represents a significant growth opportunity for digital payments. According to the Beyond Borders report, the region’s digital economy is expected to reach $944 billion in value by 2026. This growth is driven by a young, tech-savvy population, with countries like Brazil, Mexico, Colombia, and Peru experiencing annual eCommerce growth rates of around 30%.
PIX and SPEI, developed by the Central Bank of Brazil and Central Bank of Mexico, respectively, enable consumers to complete online payments via bank transfer through APIs. Boleto, a pre-filled voucher accepted at checkout, and OXXO, a cash voucher system used at thousands of outlets in Mexico, further diversify the payment methods available to consumers in the region.
As payabl. continues to expand its global footprint, it remains committed to supporting the growth of the digital economy, offering merchants the tools required to navigate the complexity of an evolving payments environment. This expansion is not just about expanding its portfolio of 300+ local payment methods but about empowering merchants and consumers to participate in the digital economy.
IBSi FinTech Journal

- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage
Other Related News
February 05, 2025
Tap, pay, spend: How digital payments are surging in Southeast Asia & India
Read MoreRelated Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q4 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