With the goal of rapidly expanding into new key markets in LATAM, Inswitch, a leading company in “Embedded Finance,” embedded financial technology, focused on solutions for banking and payments, and Fpay, the digital payment solution of the Falabella Group, announced that they will be working together in projects that enhance its payment capabilities in Peru.

Fpay currently deploys the cash recharge of your wallet to all people in Peru, regardless of whether they have a credit card or a bank account, so that they can have a digital payment method, through payment with QR from the cell phone, pay in eCommerce, transfer directly to contacts, and access a programme of benefits and discounts. Inswitch, on the other hand, provides an effective payment environment and network within the Fpay app, guaranteeing hassle-free money loading experiences and significant payment processing volumes thanks to widespread local coverage.

The CEO of Inswitch, Ronald Alvarenga, has said that the company “supports companies to digitise their financial services; for this we provide, on the one hand, the infrastructure of “multiple rails” in order to accelerate payment coverage for electronic commerce, and in parallel, we make it possible to expand the business to new markets, and innovate (beyond payments) with a fully cloud-based wallet and transactional banking platform, flexible and available through APIs an.”

Source: Prnewswire