Argentina based payments infrastructure startup raised $35m in growth funding led by Riverwood Capital.
In this environment, merchants can now significantly increase their ability to accept payments, since system costs are lowered and they have access to new and better products, all of which generates greater financial inclusion. In Latin America, all markets are moving toward a more open acquiring model, but each individual country is at varying levels of adoption. We continue to see progress in this area with those that embrace the open acquiring model creating a better, more accessible environment for merchants and purchasers alike.