FastSpring, a leading merchant of record for global SaaS and software companies, and EBANX, a global technology company specializing in payments for rising markets, have announced a partnership to enhance users’ payment experience within FastSpring’s product suite in Latin America through local payment method Pix.
Pix, Brazil’s instant payment system introduced by the Central Bank of Brazil in 2020, has rapidly gained popularity among consumers as a preferred digital payment method. According to market data from EBANX’s annual study, Beyond Borders, Pix is projected to account for 40% of the total value of digital commerce in Brazil by 2026, tied with credit cards in market share.
Furthermore, Pix is expected to comprise 20% of digital commerce transactions within Latin America by the same year.
“This partnership with EBANX allows FastSpring to leverage local payments, starting with the largest Latin American market, by delivering one of the country’s preferred payment methods,” stated Dan Garcia, Senior Director of Payments, Risk, and Compliance at FastSpring.
“The FastSpring platform enables sellers of digital goods to accept the most popular global payment methods. Adding Pix opens up the Brazilian market to new buyers who do not have internationally enabled cards. It’s a must-have payment method in Brazil. Our partnership with EBANX enables this code-free upgrade for our customers.”
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