In recognition of those nuances, Liquido has for two years been working on building payments infrastructure aimed at modernizing payments access for businesses in Latin America. And today, the company is emerging from stealth to offer what it describes as core payment services that “serve a wide range of needs and customer preferences….through one unified and integrated API.”

Interestingly, while many companies in the U.S. may start out serving clients in their home country and later expand to LatAm, Mountain View, California-based Liquido started out specifically to serve the LatAm market. So far, it’s processed more than $300 million in payments through a closed beta with several consumer brands in the region ($20 million of that was processed in the first two quarters of 2022), and now says it’s ready to open access to cross border and local merchants across Latin America.

Digital payment via credit cards is very common in the U.S., but in LatAm, where an estimated 28% even have credit cards, it is far less so. And even among those who do use credit cards, fraud is quite prevalent. Yet, the transaction value of digital commerce in Latin America was estimated at more than $100 billion in 2019 and is now expected to increase by about 73% by 2025, according to Statista. In a nutshell, Liquido wants to make it easier for people to buy things online. With Liquido, the startup touts that businesses can accept and process “all forms of payment” — from credit and debit cards to bank transfers to digital wallets, and even cash — in order to increase payment acceptance rates.

轉貼自： techcrunch.com

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