ACI Worldwide has formed a partnership with payments fintech EBANX, as part of its efforts to support global organisations expanding in Latin America.

Under the partnership, EBANX will use the ACI Secure eCommerce solution to provide local credit card payments, instalments and alternative payment methods in Latin America.

EBANX, founded in Brazil in 2012, provides local payment methods for businesses that are from outside the region. It helps the businesses to charge consumers in their local currency and process cards and alternative payment methods locally.

The alliance will cover Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Mexico, Peru and Uruguay.

EBANX chief commercial officer Henrik Nilsmo said: “As more Latin American consumers gain access to the internet, and as the Covid-19 pandemic continues, the region is seeing a sharp rise in digitisation and online shopping, making it a key market for many global eCommerce businesses.

“However, navigating the complexities that come with offering local payment methods is challenging for these businesses and simplifying the process for them is our central focus. ACI’s global footprint and its support for more than 200 payment endpoints makes it the right partner for us.”

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ACI Secure eCommerce is an integrated payments gateway and fraud management solution that provides merchants with access to cross-border payment processing and local acquiring solutions network.

It will enable EBANX to help ACI’s global merchants looking to expand in Latin America accept local payment methods.

ACI Worldwide executive vice-president and growth markets leader Mandy Killam said: “Many of our customers include global organisations that are both launching and expanding in Latin America. As the pandemic continues to drive consumers online, our customers expect this trend to continue.

“This alliance with EBANX will allow new and existing ACI customers to expand and drive revenue within and across borders as eCommerce becomes the norm for a majority of consumers.”