Stripe Expands Presence in Brazil through EBANX Integration
Stripe is broadening its presence in Brazil through a new integration with EBANX, enabling local businesses and ecommerce platforms utilizing Stripe to accept Pix—Brazil's instant payment system operated by the central bank. This collaboration aims to promote financial inclusion and facilitate growth by granting international merchants access to the country's 60 million unbanked consumers and allowing settlements in local currency.
Partnership Details and Benefits
This week marks a significant step in Stripe's expansion efforts. The company has strengthened its partnership with EBANX, a payment gateway founded in 2012 to support cross-border ecommerce by providing diverse local payment options.
As a result of this partnership, Stripe's clients can now offer Pix as a checkout option. Launched in November 2020, Pix enables real-time transfers in Brazilian reais, operating 24/7 and supporting person-to-person, person-to-business, and government transactions through simple identifiers like phone numbers, email addresses, or QR codes.
EBANX's Role and Market Impact
EBANX leverages it...