This move follows launches in Mexico, Peru, Argentina, and Chile. Credit: Thaspol Sangsee/ Shutterstock.

Payments service processor Kuady has expanded its digital wallet services to Ecuador and introduced a virtual prepaid Mastercard in Argentina, strengthening its Latin America foothold.  

This move follows launches in Mexico, Peru, Argentina, and Chile. 

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In Ecuador, Kuady’s digital wallet service aims to simplify cross-border transactions for both global organisations and local businesses, enhancing the financial ecosystem’s connectivity and inclusivity.  

The service includes real-time payment solutions with features such as chargeback protection, various deposit options, and instant payouts for merchants, catering to the needs of its users. 

The virtual prepaid Mastercard, integrated with the Kuady app, offers users in Argentina to perform transactions in both ARS and USD.  

This expansion of digital payment options allows for instant online transactions with any merchant that accepts Mastercard. 

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Looking ahead, Kuady plans to extend its services to more Latin American countries and targets further expansion into Africa and Europe. 


Kuady CEO Lorenzo Pellegrino commented: “The expansion into Ecuador and the launch of our virtual prepaid Mastercard in Argentina mark major milestones in our journey to drive financial inclusion and innovation across Latin America.  

“We’re empowering individuals and businesses with secure, real-time payment solutions that break down barriers to financial access, whether through our e-wallet or the flexibility of our Mastercard.” 

Kuady, the registered business name of Open Payment Technologies, was launched in July 2024. 

It is licensed and regulated by the Isle of Man Financial Services Authority to carry on electronic money transmission services.