back Back

Unlimint adds PicPay to payment portfolio to enable global growth for merchants

By Edlyn Cardoza

May 13, 2022

  • Advanced Payment Capabilities
  • Brazil
  • Digital Transformation
Share

Unlimint, FinTech, Digital Wallet, Local Payment Methods, PicPay, Advanced Payment Capabilities, Online Payment, Digital Transformation, Brazil, Latin AmericaLondon-based global FinTech Unlimint has today announced it is expanding its local payment methods portfolio with the addition of Latin America’s most prominent digital wallet, PicPay. The platform will enable merchants to access over 60 million customers in the region. Unlimint is a global FinTech offering advanced payment capabilities through an evolving financial interface to businesses across the globe, operating from five continents.

PicPay is one of the most popular payment applications within the LatAm region and has the most significant number of users in Brazil. Merchants who want to expand into the region can remain competitive as the new payment method will enable them to integrate the most used local e-wallet into their business. By adding PicPay to its portfolio, Unlimint will allow merchants to expand into the LatAm market more efficiently and seamlessly. European and UK businesses will be able to offer regional clients a complete set of payment methods to choose from, including the local e-wallet, cash-based payments, and standard cards.

The COVID-19 pandemic has accelerated digital transformation, forcing many to embrace new technologies, such as online payment solutions and banking apps. Research by Statista shows that the number of online consumers in Latin America is set to grow by over 20% by 2025, and it is expected to hit $160 billion by the same year. According to KPMG’s Pulse of Fintech report, about 10.8 million Latin Americans made their first-ever online purchase during the first lockdowns, and in 2021 alone, FinTech investment reached $5 billion.

Commenting on the portfolio expansion, Irene Skrynova, Chief Customer Officer at Unlimint, said: “We are delighted to be able to offer one more alternative payment method to businesses in LatAm. Adding PicPay to our portfolio proves Unlimint is committed to enabling clients to grow anywhere in the world. It is important for any European merchant that wants to expand into that region, as many people in LatAm still use alternative or cash-based methods. If businesses outside the region do not offer local payment methods, they are essentially losing a huge chunk of the market.”

Previous Article

May 13, 2022

Synctera expands partnership with Mastercard

Read More
Next Article

May 16, 2022

ID-Pal launches in the UK to help combat fraud at the source

Read More







Advertise with us



IBSi Daily News Analysis

payment-- MarPay. Pointspay

May 25, 2022

Advanced Payment Capabilities

Why are Pointspay and MarPay gaining traction in the payment industry?

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

Today

Verto launches B2B multi-currency Global Account solutions

Read More

Today

FOO to provide FinTech solutions in the Kingdom of Saudi Arabia

Read More

Today

Revolut Business launches Spend Management to maintain lean finance teams

Read More

Related Reports

Sales League Table Report 2021

£ 1,500.00 / year

Know More
Emerging Technologies in Capital Markets

£ 500.00

Know More
Global Digital Banking Vendor and Landscape Report Q1 2022

£ 1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q1 2022

£ 1,500.00 / year

Know More
Treasury and Capital Markets Systems Report 2021

£ 1,500.00 / year

Know More