Unlimint has chosen the Latin American digital wallet, PicPay to expand its portfolio for local payment methods in the region. PicPay is to empower Unlimint, the global fintech organization in London, to access more than 60 million consumers in the location. The global fintech is engaged in offering new-age payment solutions via an emerging FI (financial interface) to companies and firms throughout the world from five continents.

In LatAm or Latin American region, PicPay is one of the most preferred payment methods and has a large user base in Brazil. Vendors and entrepreneurs looking to extend their businesses in the LatAm area can stay competitive as this collaboration will allow them to integrate the most popular local e-wallet into their businesses. PicPay’s solutions will enable Unlimint to allow vendors widespread their business in the Latin American market more impeccably and effectively. UK and Europe-based companies and firms can provide their regional customers with a comprehensive set of payment solutions to pick from, comprising standard cards, e-wallets and cash-based payments.

Irene Skrynova, Chief Customer Officer, Unlimint, commented, “We are delighted to be able to offer one more alternative payment method to businesses in LatAm. Adding PicPay to our portfolio proves Unlimint is committed to enabling clients to grow anywhere in the world. It is important for any European merchant that wants to expand into that region, as many people in LatAm still use alternative or cash-based methods. If businesses outside the region do not offer local payment methods, they are essentially losing a huge chunk of the market.”

Digital transformation has accelerated at a new pace in the last few years, particularly during COVID-19. This transformation has embraced multiple fintech organizations with new technologies like advanced banking apps and exclusive digital payment methods. As per a report, 10.8M Latin Americans made their first-ever online shopping in the first lockdowns, and in 2021, investment in Fintech reached $5 billion.

Read: Digital Banking Platforms-A New and Rising Trend in Industry