Inswitch arrives in Chile and continues to grow in LATAM

5
 min read
  • With more than 6,000 cash points in the country, Inswitch is committed to providing its fintech services and technology to the hundreds of thousands of companies and small businesses that seek to grow with new payment methods and financial products.

In its efforts to solve the problems of Latin American entrepreneurs, Inswitch achieves a new milestone, ensuring that its fintech services are fully integrated in Chile.

The Trans-Andean country has an approximate population of 20 million inhabitants and thanks to the largest payment network of Inswitch, the company can reach them all. To date, more than 6,000 cash points have been deployed.

With the Inswitch Fintech-as-a-Service platform, based on APIs, any company can become a Fintech and choose the best solution for its specific needs. All with a fast, frictionless go-to-market strategy and using Inswitch's most complete global network for cash, banking, credit cards, debit cards, issuance and payments, with the most used means in each country.

But that is not all, as Inswitch also provides:

  • Easy integration, to continue growing in multiple countries.
  • Online and real-time payment processing.
  • Specialized support 24/7.
  • Integrated analytics and predictive models that allow for fraud prevention and payment risks minimization.
  • High security standards in our solutions, such as PCI DSS certification, business rules, and API security based on OAuth 2.0, among others.
  • Dashboards online and in real time for the automatic management of transaction reconciliations.

In addition to the payment services that have arrived in the country, Inswitch provides a powerful, modular, embedded finance platform, available through APIs and microservices. This is making it possible for more and more companies seeking to launch any financial service (such as a digital wallet) to have the best BaaS platform with all integrated services and the possibility of managing it from a single place.

It also solves two urgent problems for companies through their digital transformation, by offering the most complete payment infrastructure for local and cross-border processing, combined with the most complete fintech technology stack, which allows any company to quickly build and launch financial services worldwide, through a single integration, to operate in multiple markets.

Inswitch is formed by a team of experts in payment methods and technology, who operate from the USA, Mexico, Colombia, Brazil, Peru, Argentina, Uruguay, Bolivia and Panama. The company processes more than USD 9 billion in transactions annually and has over 80 million active users.

But more importantly, based on its 20 years of experience, Inswitch offers the most significant values ​​when it comes to managing resources in the cloud: trust, security, and flexibility to grow without limits.

“It fills us with pride that Chile welcomes us with open arms, a strategic country in the economy of the continent. This movement allows us to keep achieving our positioning and expansion objectives. Continuing to grow is one of our goals, but if we can grow together and offer a profitable contribution, it will be twice as satisfying for us”, said Ronald Alvarenga, CEO of Inswitch.

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