João Del Valle
Contributor
João Del Valle is the co-founder and CEO of EBANX, a Brazilian fintech unicorn that serves as the gateway to Latin America through its payments platform for global merchants, tech giants and other large companies from all over the world.
If you look under the hood of nearly any large merchant’s e-commerce operations, there are likely more than a dozen different card-acceptance platforms meshed together to serve different parts of the world with banking partners doing payment settlements and managing foreign exchange.
Latin American companies have the added challenge of processing the many transactions that are not card based, like bank transfers, emerging instant payments and the cash-based ones that offer in-person payments that need to be electronically confirmed.
A merchant might need anywhere from 50 to hundreds of partners, depending on complexity and the countries they are targeting. If any of the aggregate transactions across platforms go down for just a millisecond, that transaction will fail, potentially leading to huge losses.
Why online merchants need …
