Monnet Payments Acquires ETpay to Boost Latin American APM

Monnet Payments has acquired ETpay for an undisclosed amount, a move that significantly bolsters Monnet’s offerings in the financial technology sector.

ETpay operates as a financial infrastructure platform providing alternative payment methods (APM), primarily specializing in automated bank transfers and cardless payment solutions through a complete SaaS platform.

It is recognized for its substantially lower commission rates compared to traditional card payments and its commitment to promoting financial inclusion, particularly in Latin America.

This acquisition represents a strategic expansion for Monnet Payments into the rapidly growing segment of alternative and cardless payment solutions.

ETpay's proven platform, which facilitates payments via bank transfers for businesses and offers immediate settlement, directly addresses the market demand for cost-efficient and accessible payment options.

ETpay's existing integrations with major banks in Latin America and its success in enabling merchants to accept payments, increase income, and accelerate business operations provide Monnet with immediate market penetration and a robust technological foundation.

The synergy between the two entities is expected to create a more comprehensive payment ecosystem.

Monnet Payments can leverage ETpay's innovative cardless payment technology and its lower-commission model to expand its client base, offering businesses a wider array of payment acceptance solutions.

This combination is set to enhance overall operational efficiency and scale, driving greater value for merchants seeking alternatives to traditional payment rails and reaching a broader demographic of consumers.

Looking ahead, the combined entity is positioned to become a more formidable force in the Latin American payment industry.

The integration of ETpay's specialized APM solutions with Monnet's broader financial infrastructure capabilities aims to accelerate digital payment adoption and further support financial inclusion across the region by providing efficient, secure, and affordable payment options for a diverse range of businesses and their customers.