EBANX has announced a partnership with Zuora helping to enable payment processing in some of the fastest-growing digital markets in the world. The collaboration aims to support the global expansion of Zuora’s customers by enhancing local payment methods acceptance in 13 markets across Latin America and two markets in Africa, supporting global subscription-based and recurring revenue businesses in these regions.
LatAm’s digital services market is set to grow 30% year over year by 2026, when it is expected to reach $271bn, according to Payments and Commerce Market Intelligence, (PCMI) data. In Africa, SaaS will be one of the fastest-growing verticals within the digital commerce market, accelerating at a 25% CAGR by 2026, per the Beyond Borders study, faster than the global average.
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The Zuora and EBANX integration will help digital businesses seize growth potential
The partnership focuses on Brazil, Mexico, Colombia, Chile, Peru, Argentina, Uruguay, Paraguay, Costa Rica, the Dominican Republic, Guatemala, El Salvador, Panama, South Africa, and Nigeria, and facilitates payments with credit and debit cards, including those that are not enabled for cross-border purchases, as well as Pix payments.
Gregory Cornwell, VP of Global Channels & Business Development at EBANX, said: “Latin America holds opportunities beyond traditional powerhouses such as Brazil and Mexico for global digital companies. And Africa is at its prime time to undergo a digital commerce acceleration. We are happy to partner with Zuora and make our technology and solutions available for their merchant base. And beyond that, to work together in helping connect these players to the immense potential of LatAm’s and Africa’s digital markets.”
John Phillips, SVP, Global Alliances at Zuora, added: “Our partnership with EBANX underscores our dedication to supporting global businesses with the most advanced and comprehensive monetisation solutions. Having a local partner like EBANX is crucial to streamline market entry and accelerate growth in Latin America and Africa. By integrating EBANX’s capabilities, we can help our customers access essential payment methods to succeed in these regions.”
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