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Jeeves Launches Stablecoin Payments to Cut Cross-Border Costs by Up to 80% for LatAm Businesses
Jeeves, the $2.1B-valued financial platform for global businesses, today announced the launch of Jeeves Instant Pay, a stablecoin-powered payments solution that settles cross-border transactions in minutes instead of days.
The product debuts between Mexico and the United States, addressing one of the largest and fastest-growing business payment corridors in the region where traditional bank transfers often take several days and carry FX fees of 3-8%. Future phases will expand to Brazil, Colombia, and additional markets across Latin America.
With Instant Pay, companies can access 24/7/365 settlement rails across major currencies, while reducing foreign exchange costs by up to 80%. This new solution has been integrated directly into Jeeves’ existing cards, credit, and spend management platform. The service is designed to help exporters, importers, e-commerce sellers, IT services firms, logistics providers, SaaS companies, and multinationals improve liquidity and streamline international operations.
Key features of Jeeves Instant Pay
- Instant settlement across USD, EUR, GBP, BRL, and MXN
- Up to 80% FX savings versus traditional banking channels
- Built-in compliance with KYC/KYB requirements, ensuring regulatory safeguards
- Seamless integration with Jeeves’ global cards, credit, and spend management platform
“Cross-border payments are broken in LatAm,” said Dileep Thazhmon, CEO of Jeeves. “Companies shouldn’t have to wait days or lose up to 8% of every transaction to middlemen. With Jeeves Instant Pay, CFOs finally get rails to move money globally, instantly, securely, and at a fraction of the cost.”
The launch extends Jeeves’ leadership in Latin America, where it is already the region’s leading B2B payments platform. Offering a suite of services that help companies streamline their finances and focus on what matter most: making their business grow.
To ensure trust and security, Jeeves partners with regulated stablecoin issuers and infrastructure providers for custody, compliance, and risk management. This approach positions Jeeves Instant Pay as a modern business wallet for CFOs, rather than another speculative crypto product.
“Global companies need financial infrastructure that works as fast as they do,” added Thazhmon. “We are removing friction from international money movement so businesses in emerging markets can compete on a global scale.”
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