MEXICO CITY, July 11 (Reuters) - Brazilian financial technology company Ebanx said on Tuesday it has signed a deal to partner with digital bank Nubank to offer more payment services for customers as it tries to consolidate and expand operations in Latin America.
Ebanx will now offer corporate customers the option of paying via NuPay, an alternative payment method developed by Nubank for international purchases.
Alternative payment methods have helped drive the growth of e-commerce in Latin America and already account for 39% of the total digital commerce volume in the region, Ebanx said.
In April last year, Ebanx announced a partnership with digital commerce platform VTEX (VTEX.N) to enable cross-border payments to Brazilian companies operating in Latin America.
Ebanx also plans to kick off operations in eight African countries by the end of the year, the company said in a statement.
Persons:
Ebanx, Paula Bellizia, Matthew Lewis
Organizations:
MEXICO CITY, Nubank, Reuters, Carolina, Thomson
Locations:
MEXICO, Latin America, NuPay, Mexico