Zuora and Ebanx join forces to expand local payment acceptance

Zuora and Ebanx join forces to expand local payment acceptance

Zuora And Ebanx entered into a partnership to enable Zuora customers to accept local payment methods in 13 countries in Latin America and two in Africa.

The partnership will support the global expansion of subscription-based and recurring revenue streams, the companies said in a press release emailed to PYMNTS on Tuesday (July 9).

“A local partner like Ebanx is crucial to streamline market entry and accelerate growth in Latin America and Africa,” John Philipssenior vice president of global alliances at Zuora, said in the press release: “By integrating Ebanx’s capabilities, we can help our customers gain access to essential payment methods to succeed in these regions.”

Zuora offers a suite of monetization tools that support recurring revenue growth for businessesaccording to the company website. Tools include pricing and packaging, invoicing, customer acquisition, and quote-to-cash.

Ebanx provides a payments platform that allows global businesses to connect to hundreds of payment methods in countries across Latin America, Africa and Asiaaccording to the press release. By giving people access to purchases in international digital commerce, businesses can increase sales and provide a smooth purchasing experience.

In the case of Zuora, the integration with Ebanx will help digital businesses, such as Software-as-a-Service (SaaS) companies and other companies with recurring revenue streams, grow across the 15 countries involved in the partnership. It will facilitate payments with credit and debit cards, including those with are not enabled for cross-border purchaseslike Pix payments.

“We are pleased to partner with Zuora and make our technology and solutions available to their merchant base,” Gregory Cornwellvice president of global channels and business development at Ebanx, said in the press release. “And also to work together to connect these players to the immense potential of (Latin America’s) and African digital markets.”

Ensuring that the needs of local consumers are taken into account have been metespecially when it comes to payments, key towards success in high growth markets, Erika Daguaniat the time, vice president of products at Ebanx, PYMNTS told PYMNTS in an interview published in February 2023.

“Ultimately, it is the one who makes the right choice means of payment “The end user will be,” Daguani said.