Exchange partners with Binance Pay to increase the use of crypto payments in LATAM.

MIAMI, 6 September 2022 /PRNewswire/ — Inswitch, a leader in embedded financial technology and payment infrastructure, and Binance Pay, a contactless, borderless and secure cryptocurrency payment technology designed by Binance, the world’s leading provider of blockchain ecosystem and cryptocurrency infrastructure, announced that they have signed a strategic partnership, which will enable both sides to enhance their fintech solutions and offer Binance Pay to all merchants in LATAM.

The partnership between Binance Pay and Inswitch will provide millions of LATAM merchants with exciting options in the crypto space, allowing them to increase revenue by accepting crypto, and provide all companies with a new way to service payments.

Some of the features involved in this partnership will allow merchants to:

• Receive payments in 50+ cryptocurrencies with lightning fast payments.
• Support new products or business models and accept recurring payments globally
• Set up Binance Pay quickly and manage recurring customers with Inswitch’s APIs and solutions (eg payment connectors, hosted checkout, etc.)

“We are very excited and committed to democratize the payment industry, connecting more than 650 million in Latam with e-commerce worldwide. Now merchants will have more options on how to get paid and let customers choose how to pay wherever they are. .” so Ronald AlvarengaCEO of Inswitch.

Furthermore, with Inswitch, merchants can configure everything through the Inswitch Business Portal or create new digital journeys through flexible APIs and a suite of low-code fintech products. And merchants are able to flexibly accept different payment methods to best suit their needs.

This agreement will support different types of businesses: Business-to-Consumer, Business-to-Business, Consumer-to-Business. Binance Pay and Inswitch are positioned to deliver a robust turnkey solution across a range of sectors including e-commerce, retailers, travel, CPGs, banking and Gig economy among others.

“We are excited to bring crypto payments to more than 650 million LATAM users by partnering with Inswitch, this continues to reinforce Binance Pay’s goal of providing contactless, borderless and secure cryptocurrency payment experiences to businesses and consumers.” tired Jonathan LimGlobal Head of Binance Pay.

About Inswitch

Inswitch is a global leader in embedded financial technology, helping businesses and organizations rapidly implement their own digital financial services. With the Inswitch API-based Fintech-as-a-Service platform, any company can become a Fintech and choose the best solution for its specific needs. All with a speed-to-market strategy, zero friction and leveraging the global Inswitch network for cash, banking, credit/debit card, issuance and payment operations.

About Binance Pay

Binance Pay is a contactless, borderless and secure user-to-user cryptocurrency payment feature on the Binance app. Binance Pay allows users and merchants to send and receive crypto payments worldwide without incurring special handling fees for using crypto.

Consult:

Liber Fernandez – Chief Commercial Officer at Inswitch
+598 99 666 470
[email protected]

https://inswitch.com/
LinkedIn: @Trade-in
Twitter: @inswitch

SOURCE switch