" class="no-js "lang="en-US"> Inswitch Partners with Binance Pay to Boost Crypto Payment Adoption in LATAM - Fintech Finance
Thursday, March 28, 2024

Inswitch Partners with Binance Pay to Boost Crypto Payment Adoption in LATAM

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 blockchain ecosystem and cryptocurrency infrastructure provider, announced they have signed a strategic partnership, which will enable both sides to improve 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 intriguing options in crypto space, allowing them to increase revenue by accepting crypto, and enable 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
  • Quickly set up Binance Pay and manage recurring customers with Inswitch’s APIs and solutions (e.g. Payment Links, Hosted Checkout, etc)

“We are very excited and committed to democratize the payment industry, connecting more than 650 million in Latam with e-commerces around the world. Now merchants will have more options on how to get paid and let their customers choose how to pay wherever they are.” said Ronald Alvarenga, CEO of Inswitch.

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 variety of sectors, including eCommerce, Retailers, Travel, CPGs, Banks, and Gig economy among others.

“We are thrilled to bring crypto payments to more than 650 million LATAM users by partnering with Inswitch, this keeps reinforcing Binance Pay’s objective of providing contactless, borderless, and secure cryptocurrency payment experiences to companies and consumers.” stated Jonathan Lim, Global Head of Binance Pay.

People In This Post

Companies In This Post

  1. Modern Treasury Launches Professional Services to Drive Payments Transformation in the Enterprise Read more
  2. MoneyGram Expands Leadership Position in Middle East through Partnership with Fintech App barraq Read more
  3. Montonio Welcomes Johan Nord as Chief Revenue Officer Read more
  4. Q2 Expands Executive Leadership Team with Promotion of Katharine Briggs to Chief Product Officer Read more
  5. Global AI Show and Global Blockchain Show Premier in Dubai Read more