Following our recent entry into the Indian market, we are now expanding our global coverage and able to provide payments solutions in Latin America (LATAM) - making us one of the largest alternative payments platform in the region. The move enables cross border and local e-commerce transactions through bank transfers and local payment methods such as PIX and Boleto, ensuring consumers in the region can make online transactions and merchants have the capabilities to access them. 

Merchants across LATAM will be able to make bank transfers in local currency as well as enable cash and other local payment methods for domestic or cross-border transactions, connecting them with shoppers around the world. Our payment network in LATAM covers 10 national jurisdictions including Mexico, Brazil, Colombia, Ecuador, Peru, El Salvador and Costa Rica.

By using the Transact356 platform, merchants can benefit from B2B and B2C transactions and real time payment confirmation capabilities, all powered by leading payment solutions technology. Our commitment to security and anti-fraud measures also means there is a significantly reduced risk of fraud or chargebacks once a transaction has been approved by Transact365.

Dan Fernandez, CEO of Transact365, said: “Our ethos as a business has always been ‘Think Local, Go Global’, and we are proud to be able to bring our platform to merchants across LATAM to help facilitate their growth.

“Our launch in Latin America comes at a pivotal time for us at Transact365 – in less than five years since being founded, we are now one of the largest alternative payments platform in LATAM.

“2022 will be a year of expansion and growth for Transact365. Having recently launched in India, and more jurisdictions on the horizon, our mission is to become one of the world’s leading payment service providers with access to markets demonstrating the greatest opportunities for merchants. We look forward to seeing what more we can achieve this year.”