Transact365, a fintech firm in the United Kingdom, has launched its global payments network in Latin America (LATAM), making it one of the region’s major alternative payment systems.
The move allows cross-border and local e-commerce transactions to be completed via bank transfers and local payment methods like PIX and Boleto, ensuring that customers in the region may conduct online transactions and businesses can access them.
Merchants in LATAM will be able to make local currency bank transfers as well as accept cash and other non-card local payment methods for domestic and cross-border transactions, allowing them to connect with customers all over the world.
Mexico, Brazil, Colombia, Ecuador, Peru, El Salvador, and Costa Rica are among the ten countries covered by Transact365’s payment network in LATAM.
Merchants can benefit from B2B and B2C transactions as well as real-time payment confirmation capabilities when they use the Transact356 platform, which is powered by industry-leading payment solutions technology.
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