MineSec and BSD Enterprise Joint Force to Bring Mobile-First Acceptance Platform in Mexico and LATAM

WHY THIS MATTERS:
Latin America’s payments landscape is expanding rapidly, but infrastructure fragmentation remains a persistent bottleneck. Merchants and fintechs often navigate a patchwork of acquirers, gateways, certifications and local compliance rules — slowing innovation and increasing costs. At the same time, demand for contactless payments and mobile-first acceptance is accelerating, particularly among SMEs seeking lower hardware costs and faster onboarding. SoftPOS technology, which enables EMV contactless payments directly on smartphones, is emerging as a powerful enabler of financial inclusion and scalable merchant acquisition. By combining acquiring, gateway and merchant management into a single platform tailored for regional regulatory requirements, this joint venture addresses a structural gap in LATAM’s digital payments ecosystem.

MineSec and BSD Enterprise have signed a Memorandum of Understanding (MoU) to establish a joint venture company in Mexico dedicated to delivering next-generation, mobile-first payment acceptance across Latin America. This collaboration brings together MineSec’s globally proven SoftPOS capabilities and BSD Enterprise’s strong regional expertise to create a unified platform tailored for the needs of the LATAM market.

The joint venture aims to introduce a seamless payment acceptance experience by enabling secure EMV contactless payments on smartphones and other compatible devices. This mobile-first solution is designed to support different platforms, and future operating systems as they emerge, ensuring long-term adaptability for merchants and partners. With the combined strengths of both companies, the new platform will integrate acquiring, gateway processing, and merchant management into a single, scalable solution that is optimized for LATAM’s regulatory landscape and domestic network infrastructures.

Today, merchants across Latin America face a fragmented payment environment that requires juggling multiple vendors for mobile acceptance, gateway services, acquiring relationships, and local integrations. Certification and compliance processes add further complexity and slow down expansion for many providers. At the same time, SMEs remain heavily dependent on traditional hardware—even as demand grows for secure, phone-based acceptance that can be deployed quickly across diverse use cases.

The MineSec–BSD Enterprise joint venture is designed to eliminate these barriers. By consolidating SoftPOS, acquiring, and gateway capabilities into one platform, it simplifies deployment for merchants, ISOs, fintechs, and PSPs, while reducing the time and cost associated with certifications and local integrations. The platform also offers a modern compliance posture built around PCI standards and domestic requirements, ensuring a secure foundation that meets the expectations of global card schemes as well as emerging payment methods.

For merchants and ISOs, the collaboration promises a faster way to activate mobile contactless acceptance on their mobiles. Fintechs and PSPs gain a streamlined integration pathway that accelerates commercialization across Mexico and eventually the wider LATAM region. Consumers benefit from broader access to convenient, secure, and consistent payment experiences—whether they are paying at a store counter, on the move, or at a remote service point.

“The adoption of modern payment solutions in Latin America continues to face challenges such as complex regulatory frameworks, lengthy certification processes, and technical barriers that hinder implementation,” said Arturo Cervantes, CEO of BSD Enterprise. “Our regional experience has allowed us to understand these challenges and develop an execution capability aligned with market realities. The alliance with MineSec combines internationally proven technology with local expertise, resulting in a next-generation contactless acceptance platform that is accessible and quick to deploy. This solution significantly reduces barriers to entry and enables modern payment infrastructure to reach thousands of merchants, fintechs, and integrators across the region.”

“We are excited to take this important step for Mexico’s and LATAM digital payment ecosystem together with BSD Enterprises,” says Angus Chiu, CEO of MineSec. “Together, both companies are committed to building a future-ready platform that supports the region’s rapid growth, strengthens financial inclusion, and unlocks new opportunities for digital commerce.”

FF NEWS TAKE:

If executed well, this could significantly lower the barrier to entry for mobile payment acceptance across Mexico and beyond. The real opportunity lies in simplifying compliance and certification — historically the biggest friction point in the region. With SoftPOS adoption rising globally, a localized, all-in-one model could give MineSec and BSD a first-mover advantage in scaling phone-based acceptance across underserved merchant segments in LATAM.