AstroPay expands footprint in Latin America

Online payment solutions AstroPay has expanded its payment links services across Latin America, in Peru, Chile, Mexico and Colombia.

Payment Links is AstroPay’s newest capability, designed for small and medium sized enterprises (SMEs) to enable business owners to collect online and remote payments by sharing the link with their customer, and get paid instantly in a secure way.

Business owners only need their mobile number to make payments, they can also create a link to request payments by registering online. Customers can pay with an array of local payment methods in their local currency or American dollars.

AstroPay said the small and medium sized enterprises in Latin America is a priority market. In Colombia, the creation of SMEs in 2021 has grown by 10.6% compared to 2020, SMEs in Chile account for 65.3% of the total number of formal jobs. The company added that SMEs also represent 99% of businesses in Mexico and 99.5% of the total number of formal enterprises in the Peruvian economy.

Mikael Lijtenstein, CEO of AstroPay, said: “Many micro and small businesses could not reach the volume threshold required to make accepting credit card payments a financial feasibility, so they need online payment options that not only open up a world of new revenue streams and opportunities, but make it possible to compete with the big companies. Payment Links are cost-effective and offer flexibility and ease of operations for these businesses.”

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