On October 25th, 2016, allpago was one of 10 Money 20/20’s StartupPitch180 stage in Las Vegas. Our CEO and founder, Philipp Bock, spoke to judges from leading VC firms about our role as a Payment Service Provider in Latin America, and how we are helping global e-commerce companies take payments in Brazil, Mexico, Colombia, and Argentina.
Latin America is fertile ground for international e-commerce merchants. There are 110m active digital buyers in Latin America, the vast majority of whom use only local payment methods, and it is one of the fastest-growing regions in the world for e-commerce.
Merchants that only offer international payment methods in Latin America can only access 30% of e-commerce buyers in Latin America. Seven in 10 people don’t have the possibility to buy online from international companies, a fact that makes it harder for merchants to scale quickly in the region.
We make it possible for merchants and global payment providers to accept payments from people and businesses in Latin America that only use local payment methods, maximizing conversion rates and ensuring compliant transactions across the region.
Being named amongst the top fintech startups in the world right now is a testament to the state-of-the-art technology, regulatory knowledge and local business support we can provide to global e-commerce companies trading in Latin America.
We also announced our expansion into Argentina during Money 20/20 and published the new research report on the Argentinean payments and e-commerce landscape. Download this for free from our LATAM Business Intelligence page.
allpago (www.allpago.com) is a leading payment service provider for Latin America, enabling e-commerce merchants and payment providers to accept all relevant local payment methods through a single platform and API. allpago’s state-of-the-art technology and regulatory knowledge are used by merchants including Art.com, Getty Images, McAfee, Paylogic, Symantec and Teamviewer to maximize conversion rates and ensure compliant transactions with customers in Latin America, and as a ‘last mile’ payment interface by leading payment companies around the world.