Marcelo Perez, our Managing Director, shared Bamboo’s vision and insights during an engaging interview with Edgar, Dunn & Company. Here’s a closer look at how alternative payment methods (APMs) are reshaping LatAm’s payments landscape and Bamboo’s pivotal role in driving this transformation.
Latin America is a region defined by its diversity—not only in culture and demographics but also in payment preferences. Marcelo highlighted the increasing demand for APMs as a means to address this diversity and provide inclusive solutions for businesses and consumers. With over 300 million digital buyers in the region, offering flexible and localized payment options is no longer a luxury but a necessity:
“Latin America is a dynamic and rapidly evolving market, particularly when it comes to payments. In contrast with Europe where card payments are king, LatAm is dominated by alternative payment methods such as e-wallets, QR code-based payments, and other forms of mobile payments and bank transfers.”
Bamboo’s innovative approach enables global merchants to tap into LatAm’s thriving markets without the complexities of setting up local entities. By providing instant access to popular local payment methods, we ensure merchants can meet customer expectations while navigating the region’s unique challenges.
“We have developed a platform that allows international companies to collect and make payments to businesses and individuals in Latin American markets. Our key advantage is our in-depth understanding of local markets and our network of integrations with local payment methods and financial institutions, which helps us deliver frictionless payment solutions.”
One of Bamboo’s core missions is to remove the obstacles that traditionally complicate cross-border payments. Whether it’s regulatory complexities, integration challenges, or delays in transaction processing, Bamboo’s platform streamlines every step.
“Europe is an important focus for Bamboo as we continue to grow. What sets us apart is our ability to bridge the gap between Europe and Latin America. We’ve recently reached a milestone by securing a Financial Institution License in Malta. This license positions us to extend our offering to EU-based merchants, providing businesses with a direct and efficient way to connect with the growing consumer base in LatAm.”
During the interview, Marcelo and Volker also touched on the broader trends influencing the region, including:
● The rise of APMs: With nearly 40% of LatAm’s digital commerce relying on alternative payment methods, these solutions are becoming indispensable for global businesses.
● The importance of instant payments: Speed remains a top priority for merchants and consumers. Bamboo’s ability to facilitate real-time transactions ensures we stay ahead of this demand.
● Bridging financial inclusion gaps: Addressing the needs of the unbanked population in LatAm opens doors for innovation and growth in the payments ecosystem.
We’re grateful to Edgar, Dunn & Company and Volker Schloenvoigt for providing a platform to share Bamboo’s story and vision. This conversation is a testament to the exciting changes happening in the region and the opportunities for collaboration as we continue to transform payment solutions across Latin America.
Bamboo is committed to making cross-border payments in LatAm simpler, faster, and more accessible. By empowering merchants with tailored solutions, we’re helping businesses thrive in one of the most dynamic regions in the world.
Curious about the future of payments in LatAm? Read Marcelo’s full interview here and explore how Bamboo can revolutionize your payment processes.
Let’s simplify cross-border payments together. Get in touch with Bamboo today!