With offices in Mexico and New York City, Arcus FI provides payments services, including bill pay and cash-in, cash-out for retailers, billers, fintechs, and traditional financial institutions in Mexico and the US. It is looking to expand to a broader audience in Latin America. The company already has partnered with important retailers and institutions, including Rappi, Walmart, Santander, and 7-Eleven.
According to Mastercard, the acquisition will accelerate Mastercard Bill Pay to LATAM since Arcus’ clients already issue most of their household bills in Mexico.
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