Ebanx, a global payments platform founded in Brazil, and Nubank have partnered to offer NuPay as an alternative payment method for international purchases. With this, more than 1,600 businesses worldwide that are Ebanx customers will be able to use the online payment method developed by the digital bank.
NuPay allows consumers to complete their e-commerce purchases with a few clicks in the bank's app. By choosing this payment method at checkout, the customer is redirected to the fintech app to finalise the purchase, without the need to enter card details. Payment in instalments can be up to 12 times.
Depending on the customer's profile and credit analysis, Nubank offers the possibility of having an extra limit for different purchases. With this, the user can purchase products or services without using up the credit limit of the card.
"Large global brands will be able to offer this payment method to their customers in Brazil, opening an important door for us to take NuPay as a recurring and automatic payment method for other online services, such as those that require subscription," says Livia Chanes, Nubank's operations leader in Brazil, in a note.
Erika Daguani, vice president of product at Ebanx, says the partnership "expands access to the global digital economy for millions of Brazilians". The company forecasts that digital commerce in Brazil will grow 25% by 2023, reaching a transaction volume of $263 billion.
Ebanx, a global payments platform founded in Brazil, and Nubank have partnered to offer NuPay as an alternative payment method for international purchases. With this, more than 1,600 businesses worldwide that are Ebanx customers will be able to use the online payment method developed by the digital bank.
NuPay allows consumers to complete their e-commerce purchases with a few clicks in the bank's app. By choosing this payment method at checkout, the customer is redirected to the fintech app to finalise the purchase, without the need to enter card details. Payment in instalments can be up to 12 times.
Depending on the customer's profile and credit analysis, Nubank offers the possibility of having an extra limit for different purchases. With this, the user can purchase products or services without using up the credit limit of the card.
"Large global brands will be able to offer this payment method to their customers in Brazil, opening an important door for us to take NuPay as a recurring and automatic payment method for other online services, such as those that require subscription," says Livia Chanes, Nubank's operations leader in Brazil, in a note.
Erika Daguani, vice president of product at Ebanx, says the partnership "expands access to the global digital economy for millions of Brazilians". The company forecasts that digital commerce in Brazil will grow 25% by 2023, reaching a transaction volume of $263 billion.