A leader in digital payment and banking technology, i2c, announced Jan. 18 that they were selected to launch payment programs in eight Latin American, North American and Caribbean countries, as well as a United States territory.
The company will administer 22 programs throughout Antigua, Argentina, Belize, Brazil, Dominican Republic, Jamaica, Mexico, Peru and Puerto Rico, according to a Business Wire press release.
“Latin America is primed for payment innovations that work to accelerate financial inclusion and build tomorrow’s financial infrastructure,” Global Head of Sales of i2c Kevin Fox said in the release. “Not only are we experiencing strong demand for next-gen payments solutions from prospective clients, but our existing LAC partners are projecting an average of 200% growth in their account volume for the programs that have already been launched.”
The release stated the company initially established a presence in the region in 2021 after gaining network access to every major card brand.
The programs that i2c will implement include credit and debit, cryptocurrency, and automatic clearinghouse check payments (ACH) programs. i3C supports several companies including Banco Popular in the Dominican Republic, Cornerstone Trust & Merchant Bank in Jamaica, Credijusto in Mexico, Crypto.com in Brazil, Facebook in Puerto Rico, according to the release.
“Crypto.com is proud to have expanded our crypto card offering from the U.S. to many regions worldwide, the latest being Latin America,” Crypto.com Latin America General Manager Filomena Ruffa said in the release. “Working with a single enablement processor that possesses deep domain knowledge of multi-currency programs and unmatched global reach has been a game changer for our team. With this support, we’ve been able to maintain a consistent brand and user experience to meet our customers’ expectations while scaling quickly to serve our users in a new market.”
The collaboration is a direct result of accelerated demand for digital adoption and modern payment products with more than $9 billion invested in Latin America in 2021, according to Business Wire.