Brazil’s Ebanx expands into India in Asian market debut

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SAO PAULO: Brazilian financial technology company Ebanx is expanding operations to India, marking its entry into the Asian market ahead of plans to ev...

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The move is part of the company’s global expansion strategy in developing countries and comes shortly after it announced its move into three nations in Africa last year, the first outside Latin America. “As the Indian market warmly embraces digital payments and digital commerce continues its rapid growth, we see great opportunities for businesses and meaningful partnerships being fostered,” said Paula Bellizia, Ebanx president of global payments.In Latin America, Ebanx processes payments for companies such as Airbnb, Spotify and Uber.

 

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