Inswitch, a global embedded finance and payment infrastructure company, recently collaborated with a leading blockchain and cryptocurrency infrastructure provider, Binance Pay, to enhance their fintech solutions in LATAM.
The collaboration between Binance Pay and Inswitch will give millions of LATAM retailers interesting choices in the crypto arena, enabling them to boost sales by accepting cryptocurrency and giving all businesses access to a new method of handling payments.
This partnership will allow merchants to:
- Receive payments in more than 50 cryptocurrencies with lightning-fast payments.
- Accept recurring payments internationally and support new products or business models.
- Utilize Inswitch’s APIs and products to set up Binance Pay and manage recurring customers quickly (e.g. Payment Links, Hosted Checkout, etc)
Ronald Alvarenga, CEO, Inswitch, said, “We are very excited and committed to democratize the payment industry, connecting more than 650 million in Latam with e-commerces around the world. Now merchants will have more options on how to get paid and let their customers choose how to pay wherever they are.
The areas covered by Binance Pay and Inswitch’s strong turnkey solution include eCommerce, Retailers, Travel, CPGs, Banks, and the gig economy, among others. Business-to-Consumer, Business-to-Business, and Consumer-to-Business relationships will all be supported by this agreement. With Inswitch, businesses can customize everything through the Inswitch Business Portal or build brand-new digital experiences using a variety of low-code fintech products and flexible APIs. Additionally, businesses can take a variety of payment options according to what best suits their needs.
Jonathan Lim, Global Head, Binance Pay, stated, “We are thrilled to bring crypto payments to more than 650 million LATAM users by partnering with Inswitch, this keeps reinforcing Binance Pay’s objective of providing contactless, borderless, and secure cryptocurrency payment experiences to companies and consumers.”