Stripe has partnered with Ebanx to enable businesses worldwide to accept Pix instant payments in Brazil. This collaboration allows companies that utilize Stripe to process Pix transactions from Brazilian customers in Brazilian Reais, with settlements available in the merchant’s home currency.
Krishnan Rajagopalan, Global Head of Expansion, Strategics, and Incubation Partnerships at Stripe, emphasized the significance of this partnership, stating, “Our collaboration with Ebanx is crucial for expanding the reach of Stripe users in Brazil, the largest market in Latin America. In today’s global commerce landscape, providing diverse payment options is as essential as the products being offered.”
João Del Valle, CEO of Ebanx, remarked, “Teaming up with Stripe to introduce Pix is a logical step forward. With 60 million people in Brazil without credit cards, the adoption of Pix is impressive—93% of Brazilian adults currently use it, and by the end of this year, its usage is predicted to outpace credit cards for online transactions.”