Fintech Firm EBANX To Deliver The Best Payment method in the Indian Market By CIOTechOutlook Team

Fintech Firm EBANX To Deliver The Best Payment method in the Indian Market

CIOTechOutlook Team | Tuesday, 19 September 2023, 02:36 IST

EBANX, a payments technology business focusing in emerging markets, announced the extension of its operations to India, adding a new region to its portfolio that now includes 18 countries in Latin America and Africa. EBANX's technological and financial solutions will enable global merchants to offer their Indian customers the most popular local payment methods, beginning with the local real-time payments system UPI (Unified Payments Interface) and cards, allowing businesses and people to thrive in India's thriving digital commerce space.

After growing its footprint to 15 Latin American countries for over a decade and recently 3 African countries, EBANX is moving forward with its global expansion on the Asian continent. India holds immense potential for digital payment solutions, and EBANX is committed to leveraging this opportunity. The country's digital commerce sector is projected to grow 35% by 2025, according to projections from Statista, with a market worth over USD 100 billion and a potential user base of 400 million people. As India progresses towards becoming the world's third-largest economy by 2027, surpassing Japan and Germany, its GDP could more than double by 2031, reaching an impressive USD 7.5 trillion, according to Morgan Stanley, as per prnewswire.

EBANX intends to bridge the gap between worldwide enterprises and Indian customers by delivering secure, convenient, and localized payment experiences across industry verticals such as SaaS, Digital Gaming, Social Media, Digital Ads, Streaming, and Online Retail. This strategic step strengthens EBANX's dedication to empowering businesses, customers, and entire ecosystems worldwide as the company pursues its aim of expanding into emerging countries.