EBANX

EBANX is a cross-border payments company founded in Curitiba in 2012 by Alphonse Voigt, Wagner Ruiz and João Del Valle. Its customer is the international merchant, a streaming service or marketplace or games publisher, that wants to sell into Brazil, Mexico, Nigeria or India without setting up a local company in each one. Merchants sign with a single EBANX entity (EBANX PTE. LTD. in Singapore covers much of the book), while licensed EBANX subsidiaries collect in local currency on the ground and settle the merchant abroad. Advent International put $430m into the group in 2021.

Coverage runs to roughly 23 markets across Latin America, Africa, the Middle East and Asia, each wired to the rails people there actually use. Brazil gets Pix and Boleto; Mexico OXXO Pay, SPEI and Paynet; Colombia PSE, Nequi and Efecty; Peru Yape and PagoEfectivo; Kenya M-Pesa and Airtel Money; India UPI; the Philippines GCash and Maya; Indonesia GoPay, OVO and DANA; Egypt Fawry; South Africa Ozow and Capitec Pay. Cards are acquired locally, with instalments where the market expects them, and several Latin American countries also take USDC and USDT. Payouts run the other way, to sellers, contractors and drivers.

Settlement deserves a close read. Funds are released on a per-method schedule rather than one timetable, commonly a week after confirmation and stretching to 30 days on some methods, and EBANX reserves the right to hold a 4% rolling reserve over a merchant's first 180 days. Headline rates are not published: pricing is quoted per merchant and per market. Businesses selling only inside one of these countries are not the intended fit, and EBANX offers nothing in the United States, Europe or most of Asia, so a merchant selling worldwide will run it alongside a primary acquirer.