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Ebanx launches digital wallets

Wednesday 15 January 2020 13:07 CET | News

Fraud Prevention and Online Authentication Report 2019/2020

Brazil-based payments startup Ebanx has began offering its digital wallets to 10,000 consumers on a test basis, expanding its product portfolio beyond services to ecommerce platforms, Reuters reports.

Fraud Prevention and Online Authentication Report 2019/2020

Ebanx initially focused on processing payments from Brazilian clients of global websites like Alibaba Group’s AliExpress retail service, homesharing site Airbnb and music-streaming service Spotify Technology. More recently it started to offer payments processing services to Brazilian ecommerce platforms as well.

At first, the Ebanx account will offer a card to individuals and will give clients rebates equal to 5% of their purchases as well as payments features.

Co-founder Wagner Ruiz said the company may eventually offer savings accounts and other services and potentially expand them to more countries in Latin America. Besides Brazil, Ebanx operates in Mexico, Colombia, Argentina, Chile, Peru, Ecuador, and Bolivia.
Source: Link


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Keywords: EBANX, startup, e-wallet, payment processing, fintech
Categories: Payments & Commerce
Companies:
Countries: Latin America
This article is part of category

Payments & Commerce