Latest news with #APLAZO
Yahoo
25-06-2025
- Business
- Yahoo
EBANX, APLAZO partner to expand flexible payments options in Mexico
Payment services company EBANX has partnered with Mexican fintech firm APLAZO, which specialises in buy now, pay later (BNPL) solutions. The collaboration aims to strengthen the offering of flexible payments in Mexico. It focuses on meeting the needs of international online merchants. Through this collaboration, international online merchants can now offer tailored financing options to their Mexican customers via EBANX's payment platform. For the first time, APLAZO's BNPL service will be available for cross-border e-commerce transactions, enabling global companies to reach a broader audience in Mexico. EBANX vice-president of product Eduardo de Abreu said: 'Mexico is one of the most dynamic markets in Latin America, where e-commerce is expected to grow 25% annually until 2027, with digital payment adoption aligned with this growth. "Partnering with APLAZO will allow us to expand our local reach and offer our global clients an alternative that directly responds to the preferences of Mexican consumers.' According to EBANX's analysis, combining alternative payment methods like APLAZO with local card options allows merchants to access over three times more Mexican consumers compared to relying solely on international acquirers. The integration of EBANX and APLAZO's solutions is expected to provide merchants with the ability to offer a more flexible payment experience. This could lead to benefits such as increased average ticket size, higher purchase frequency, reduced cart abandonment, and access to new market segments, according to APLAZO's press statement. APLAZO co-founder and CRO Alex Wieland said: 'Our mission at APLAZO is to provide access to credit in a fair, simple, and transparent manner. 'This partnership with EBANX reinforces our commitment to facilitating access to financing for millions of consumers in Mexico and accelerating the digitalisation of commerce in the country.' Since its launch in 2020, APLAZO has secured over $100m in equity financing and $75m in debt financing. EBANX, which has been operating in Mexico since 2015, supports local payments for global companies, connecting over 500 major digital businesses with customers across 29 countries in Latin America, Africa, and Asia. "EBANX, APLAZO partner to expand flexible payments options in Mexico" was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Finextra
24-06-2025
- Business
- Finextra
Aplazo to offer BNPL payments for cross-border e-commerce purchases
EBANX, a global technology company specializing in payment services for emerging markets, and APLAZO, a Mexican fintech specializing in Buy Now, Pay Later (BNPL) solutions, announce a strategic alliance to strengthen the offering of flexible payments in Mexico. 0 This collaboration enables international online merchants to offer their customers in Mexico accessible financing options tailored to their needs. For the first time, APLAZO will be available for cross-border e-commerce purchases through EBANX's payment platform. By combining alternative payments like APLAZO with local cards, global companies can reach over three times more Mexican consumers compared to relying solely on international acquirers, according to EBANX analysis. This allows merchants to target an additional customer base of 72 million people in the country, according to Payments and Commerce Market Intelligence (PCMI). 'Mexico is one of the most dynamic markets in Latin America, where e-commerce is expected to grow 25% annually until 2027, with digital payment adoption aligned with this growth,' says Eduardo de Abreu, VP of Product at EBANX, citing PCMI data. 'Partnering with APLAZO will allow us to expand our local reach and offer our global clients an alternative that directly responds to the preferences of Mexican consumers,' adds Abreu. The integration of EBANX and APLAZO solutions will allow merchants to offer a more flexible payment experience, potentially generating tangible benefits such as increased average ticket size, higher purchase frequency, reduced cart abandonment, and access to new market segments, all through a seamless and simple integration. 'Our mission at APLAZO is to provide access to credit in a fair, simple, and transparent manner. This partnership with EBANX reinforces our commitment to facilitating access to financing for millions of consumers in Mexico and accelerating the digitalization of commerce in the country," says Alex Wieland, CRO and co-founder of Aplazo. BNPL in Mexico BNPL is gaining traction in e-commerce in Mexico: the payment method is expected to grow by 20% in online sales this year, according to data from PCMI, and continue accelerating at an annual rate of 16% through 2027. This growth is being driven by strong adoption among younger generations. Data from APLAZO shows that 38% of millennials and 31% of Gen Z consumers in Mexico already use BNPL as a payment method. Track record APLAZO has secured over USD 100 million in equity financing and USD 75 million in debt financing since its launch in 2020. Its focus on fair and transparent financial solutions has been key to its rapid expansion in the Mexican market. Meanwhile, EBANX has consolidated its presence in Mexico since 2015, facilitating local payments for global companies and connecting over 500 of the world's largest digital companies with customers in 29 countries across Latin America, Africa, and Asia.
