crypto strategy

Inswitch partners with Binance Pay to drive crypto payment adoption in LATAM.

MIAMI, September 6, 2022 /PRNewswire/ — Switcha leader in integrated financial technology and payment infrastructure, and Binance Pay, a contactless, borderless and secure cryptocurrency payment technology powered by Binance, the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider, announced that it has signed a strategic partnership, which will enable two parties to improve their fintech solutions and offer Binance Pay to all merchants in LATAM.

The partnership between Binance Pay and Inswitch will provide millions of LATAM merchants with intriguing options in the crypto space, allowing them to increase their revenue by accepting crypto, and offer all businesses a new way to manage payments.

Some of the features involved in this partnership will allow merchants to:

  • Receive payments in over 50 cryptocurrencies with super-fast payouts.
  • Support for new products or business models and acceptance of recurring payments worldwide
  • Quickly set up Binance Pay and manage recurring customers with Inswitch’s APIs and solutions (e.g. payment links, hosted payment, etc.)

“We are very excited and committed to democratizing the payment industry, connecting over 650 million people in Latin America to e-commerce around the world. Now merchants will have more options on how to be paid and let their customers choose how to pay wherever they are.” said Ronald AlvarengaCEO of Switch.

Plus, with Inswitch, merchants can set it all up through the Inswitch Business Portal or build new digital journeys through flexible APIs and a suite of low-code fintech products. And merchants are able to flexibly accept different payment methods to best suit their needs.

This agreement will support different types of businesses: Business-to-Consumer, Business-to-Business, Consumer-to-Business. Binance Pay and Inswitch are positioned to provide a robust turnkey solution across a variety of industries, including e-commerce, retailers, travel, GICs, banking, and the Gig economy, among others.

“We are thrilled to bring crypto payments to over 650 million LATAM users by partnering with Inswitch, it furthers Binance Pay’s goal of providing contactless, borderless, and secure cryptocurrency payment experiences. to businesses and consumers. declared Jonathan LimGlobal Head of Binance Pay.

About Inswitch

Inswitch is a global leader in integrated financial technology, helping businesses and organizations quickly implement their own digital financial services. With the Fintech-as-a-Service platform based on the Inswitch API, any company can become a Fintech and choose the best solution for its specific needs. All with a fast, frictionless go-to-market strategy and using the global Inswitch network for cash, banking, credit/debit card, issuing and payment transactions.

About Binance Pay

Binance Pay is a contactless, borderless, and secure user-to-user cryptocurrency payment feature on the Binance app. Binance Pay allows users and merchants to send and receive crypto payments globally without incurring special processing fees for using crypto.


Liber Fernandez – Commercial Director at Inswitch
+598 99 666 470
[email protected]
LinkedIn: @Inswitch
Twitter: @inswitch

SOURCE switch


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