The plan expectedly says company to grow its operations in region by 300%
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| Aron Schwarzkopf & Sebastián Castro Galnares |
Financial technology company Kushki launched it's operations to connect Latin American people through its regional payment service.
The company announced that it is the first next-generation merchant acquirer in the regional money transfer services.
According to their recent statement, the initiative got primary membership with Visa and Mastercard in Mexico, Chile, Peru and Colombia through a partnership, all delivered through a standardized modern proprietary processing point, making it one of the largest acquirers in the states by coverage.
This new merchant acquiring service is delivered through a single proprietary processing platform. It will make card transactions more handy, whilst standardizing and consolidating fragmentation throughout the region.
Also the service was designed to make improvements to acceptance rates, overall settlement performance, and underwriting.
Kushki authority projected that, the company would grow its operations in latin American countries by 300%.
"This project Opened back in 2017, the amount of resources and commitment driven into this massive regulatory and infrastructure project is a first for LatAm, we invite businesses to use it widely either straight, or build a payment company on top of us", said Aron Schwarzkopf, co-founder and CEO of Kushki. "As the first regional acquirer, we will be able to make payment system idea more accessible and give stores and payment services providers more control over their financial orders."
Kushki is being considered as another important initiative, with the Kushki Mundial to allow global customers to access it's payment technologies in the Latin American countries from anywhere globally.
Stakeholders can expect, it will successfully connect with local payment service providers. Also they will try to prevent money laundering.