Belvo, the Latin American open finance data and payment platform, announced the acquisition of Skilopay, a Brazilian payment institution specialized in payment services through Pix.
The first acquisition of Belvo will allow the company to expand its current portfolio of payment products in the country. The company already obtained a Payment Transaction Initiator (ITP) license at the end of last year to offer payment initiation services through ‘open finance’ under the regulation of the Central Bank of Brazil – a product that it already offers to numerous clients in Brazil. Now, you will be able to add to this offer the payments through Pix and other payment capabilities that you will develop in the coming months.
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In addition to its ITP license, the company has also obtained an IFPE license, under the Fintech Law in Mexico, which authorizes it to process account-to-account payments through its platform in the country.
Belvo has also recently launched its solution to accept faster PSE payments in Colombia. The company assured that it is now in a unique position to offer new payment capabilities in the three markets in which it operates.
“We are delighted to announce the acquisition of Skilopay in Brazil,” said Albert Morales, General Director of Belvo in Brazil.
“Our goal is to provide businesses with easier ways to receive, store and send money through the existing account-to-account payment lanes in Latin America, and this acquisition brings us one step closer to achieving this goal. We believe that this type of payments is going to have a great impact in the region and we are excited to develop more of these capabilities both in Brazil and in other countries.“, he added.
(Read: E-commerce arrives to connect Colombia with the Asian market).
“We are delighted with this acquisition that demonstrates the tremendous work that the Skilopay team has put into building our solution and will be key in helping Belvo achieve its mission of bringing more efficiency to the account-to-account payments ecosystem in the region.“, said Victor Silva, founder of Skilopay.
The company said it will remain focused on its mission to help companies harness the potential of data and payments through open finance to create safer, more efficient and inclusive products in Latin America.
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