Global fintech company based in London Unlimint has today announced it is expanding its local payment methods portfolio with the addition of Latin America’s largest digital wallet, PicPay. Merchants will be able to reach more than 60 million customers across the region through this platform. Unlimint, a global fintech company that has won awards for its innovative payment capabilities and evolving financial interface to businesses around the world, is based on five continents.
PicPay, one of the most used payment apps in the LatAm region, has the highest number of users here in Brazil. Merchants looking to expand to the region’s market can be assured of their competitiveness by using PicPay, which will allow them integrate the most commonly used local ewallet into your business. Unlimint has added PicPay to its product portfolio. This will make it easier for merchants to reach the LatAm market. European and UK businesses can now offer regional clients a wide range of payment methods, including local ewallets, cash-based payments, standard cards, and the option to pay with credit cards.
Many have embraced new technologies like online payment solutions and apps because of the COVID-19 epidemic. Research by StatistaThe data shows that Latin America’s online shoppers are expected to increase by over 20% by 2025. It is also projected to reach $160 billion USD in the same year. According to KPMG’s Pulse of Fintech reportAn estimated 10.8 million Latin Americans purchased their first online purchase during the lockdowns. In 2021, fintech investment in the country surpassed $5 billion.
Commenting on the portfolio expansion Irene Skrynova, Chief Customer Officer at Unlimint, said:
“We are delighted to be able to offer one more alternative payment method to businesses in LatAm. PicPay has been added to Unlimint’s portfolio to show that Unlimint believes in empowering clients to grow wherever they are. Any European merchant who wants to expand in LatAm should consider PicPay as an option or cash-based payment method. If businesses outside the region do not offer local payment methods, they are essentially losing a huge chunk of the market.”