WePayOut is a Brazilian fintech and e-FX specialising in instant cross-border mass payments. With a focus on instant local payments, it allows international companies to payin and payout in Brazil instantly via PIX (bank transfers).
Core solution
We offer 24/7 cross-border payments that are truly instant! We have the agility needed for the daily operations and demands. We are a B2B2C cross-border instant payment platform specialised in Brazil, enabling worldwide and local merchants to payin and payout in local currency through PIX (instant bank transfers), traditional bank transfers (TED) and Boleto (payment slip). A technological API integration, a highly scalable infrastructure, and a high service level are part of our core business and values.
Geographical presence
Brazil – countrywide – more than 300 banks and payments institutions in Brazil
Target market
PAYIN and PAYOUT: ecommerce, SaaS, gaming, GIG economy, streaming, social, internet, OTA (travel), retail, digital, shared economy, remittances, digital goods, techs, social networks, entertainment, delivery and food apps
Licence type
Payment Institution
Member of industry associations and/or initiatives
Endeavor, ABFINTECHS, the Brazilian Chamber of Commerce in the UK
Service provider type
Payment Gateway (Payin)
Yes - API and dashboard integration, proprietary technology solution, AWS cloud infrastructure, latency monitoring, multiprocessors platform for redundancy. We offer a technological solution, which can be integrated into your system, app or website via API. That protects your payments from duplicates and has a 24x7 monitoring system, ensuring that payments occur instantly, any day of the week with the same security as always. Make Pix – instant payments for businesses or individuals in a simple and instant way. Our instant payment experience makes it possible to design a complete bank transfer collection solution giving you the freedom to choose between receiving via Pix (instant bank transfer) or bank slip (boleto).
Payment Service Provider - Acquirer (Payin)
Credit cards processing to be offered by Q4 2022. We are always working on broadening our payments solutions, therefore, credit and debit cards in our platform will be ready for our clients use in November 2022. Stay tuned for our news.
Payments and Financial infrastructure (Payout)
Yes. The most instant cross-border payout solution in Brazil. API integration, multi payments scheme, dashboard, white-label. Merchants, PSPs and remittance companies don’t need local registration with local contractors or banks. WePayOut deals with the FX process as a merchant of record. WePayOut is a B2B that offers payment services for clients with an easy and fast API integration.
Channels - context
Online
API and dashboard integration, proprietary technology solution, AWS cloud infrastructure,performance monitoring for low latency, event-driven micro services architecture, REST API with webhooks triggered with each transaction status change
Payments capabilities
Whitelabel solution
Yes
Recurring billing
Yes - Recurring billing via alternative payment methods as an alternative to credit cards, allowing subscriptions and installments. Our solutions for recurring billing integrate PIX and bank slip, both local payment methods. Soon, our credit card solutions would be integrated into our platform.
Payment methods supported
Yes - 1. Bank transfers via Instant payment - Pix (Pix QR Code) 2. Traditional bank transfers (TED) 3. Bank Slip
Settlement currencies
BRL for payouts and payins and any other currency for merchant funds
Instant settlement
Pay-out/Disbursements
1. Bank transfer (PIX) 2. Bank transfer (TED)
Payments orchestration
Reconciliation and reporting
Yes - All transactions are reconciled and customisable reports are available through API and dashboard. Our payments status are constantly updated via webhook.
B2B payments
ERP integration
Reporting/dashboards
Consolidated data and reporting dashboard
Conciliated reporting through the dashboard allows different access levels and customizable filtering for easy decision making. The administrative panel, through the dashboard, presents graphics and summary of the operation with account balance and transactions status information in real time. Download customizable payment receipts from the dashboard with the guarantee that all payments are conciliated before displayed.
Financial and compliance capabilities
FX - number of currencies available
Yes - Payments and collections in local currency - BRL, merchant settlement in any currency. Our clients can disburse funds or collect in local currency (BRL).
Current account/settlement account
Yes - Payments and collections in local currency - BRL
Yes - instant payout settlement
Client onboarding (KYC/KYB)
Clients
Main clients/references
Small World, Rana Express, Despegar, Cornershop
Case studies
https://wepayout.co/customers
Awards
Scale-up Endeavor 2022 - We were selected as one of the few companies to be part of the Scale-Up program. Scale-Up Endeavor is the acceleration program for the fastest growing companies around the world.
Future developments
Credit cards processing to be offered by Q4 2022
Transactions
Transaction volume
3 million (transactions in USD)
Transaction value
BRL 1.5 billion (USD 300 million)