Unlimint Expands Offerings in Mexico with Acquiring Services

Thursday, 03/12/2020 | 06:43 GMT by Arnab Shome
  • This addition will enable merchants to take installment payments from buyers.
Unlimint Expands Offerings in Mexico with Acquiring Services
Mexico City (Reuters)

Payments company Unlimint, formerly known as Cardpay, has expanded its offerings in Mexico with the launch of local acquiring services in the country.

Announced this week, the acquiring services will provide Mexican merchants access to features like offering installment payments with local payment cards and the ability to accept alternative payment methods on a single business interface.

Commenting on the development, Unlimint CEO, Kirill Evstratov said: “Our localized acquiring solution allows us to take our Mexican customers on a frictionless journey to the 'tomorrow' of global payments.”

“We developed an adaptive ecosystem that is capable of processing and managing several different regions at once with all their merchants, regulations, technical differences and accounting.”

Founded in 2009, the company rebranded itself last month as it is aiming to expand its global presence. It already has 14 international offices and is now looking to open another in Frankfurt.

60 Percent of LATAM Buyers Are Paying in Installments

The Fintech company with a global presence entered Mexico last year and since then has been well established in the region. It is mostly helping the European merchants looking to expand their business in the Latin American country.

According to Unlimint, it is covering 95 percent of local payment methods in Mexico. Additionally, the company is bullish on the newly introduced installment services as 60 percent of Latin American e-commerce purchases are currently paid using installment plans.

“The launch of a localized acquiring solution here in Mexico is a major step for our team,” Andrey Novikov, LATAM regional head at Unlimint, said. “It allows us to offer our merchants a solution that was created with their specific market challenges in mind – is more cost-efficient and is simply more convenient. Now we are truly ready to take over Mexico’s eCommerce market, offer our merchants an answer to their everyday payment pains and help them to be ‘ready for tomorrow’.”

Payments company Unlimint, formerly known as Cardpay, has expanded its offerings in Mexico with the launch of local acquiring services in the country.

Announced this week, the acquiring services will provide Mexican merchants access to features like offering installment payments with local payment cards and the ability to accept alternative payment methods on a single business interface.

Commenting on the development, Unlimint CEO, Kirill Evstratov said: “Our localized acquiring solution allows us to take our Mexican customers on a frictionless journey to the 'tomorrow' of global payments.”

“We developed an adaptive ecosystem that is capable of processing and managing several different regions at once with all their merchants, regulations, technical differences and accounting.”

Founded in 2009, the company rebranded itself last month as it is aiming to expand its global presence. It already has 14 international offices and is now looking to open another in Frankfurt.

60 Percent of LATAM Buyers Are Paying in Installments

The Fintech company with a global presence entered Mexico last year and since then has been well established in the region. It is mostly helping the European merchants looking to expand their business in the Latin American country.

According to Unlimint, it is covering 95 percent of local payment methods in Mexico. Additionally, the company is bullish on the newly introduced installment services as 60 percent of Latin American e-commerce purchases are currently paid using installment plans.

“The launch of a localized acquiring solution here in Mexico is a major step for our team,” Andrey Novikov, LATAM regional head at Unlimint, said. “It allows us to offer our merchants a solution that was created with their specific market challenges in mind – is more cost-efficient and is simply more convenient. Now we are truly ready to take over Mexico’s eCommerce market, offer our merchants an answer to their everyday payment pains and help them to be ‘ready for tomorrow’.”

About the Author: Arnab Shome
Arnab Shome
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About the Author: Arnab Shome
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
  • 6368 Articles
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