Thredd, the next-generation global payments processor, has announced a strategic partnership with Payblr, a Puerto Rico-based regional payments enabler and licensed BIN sponsor.
The collaboration will provide global fintechs the regulatory foundation and issuing infrastructure required to launch and scale in Latin America and the Caribbean (LAC).
By combining Thredd’s modular technology stack and global processing expertise with Payblr’s cross-border card issuing capabilities, the partnership pitches elimination of the traditional complexity associated with launching in LAC markets.
“This partnership is about removing barriers for today’s most innovative payment leaders,” said Kevin Fox, Chief Revenue Officer, Thredd. “Expanding into new regions can be complex and difficult to navigate. By teaming up with Payblr, we’re offering a faster, simpler way for our clients to activate programs in Latin America.”
“Thredd shares our belief that financial innovation should move fast and know no borders,” said Fabio Garcia Passalacqua, COO and founder, Payblr.
“Through our partnership, we’re enabling high-growth companies to expand across Latin America quickly without many of the regulatory and operational hurdles that often slow global fintechs down. This partnership lays the foundation for a new era of seamless cross-border payments in the region.”
Payblr’s ability to enable US dollar card programs across much of Latin America makes it an ideal partner for companies offering gig economy payouts, disbursements or cross-border services.
According to Thredd, clients are already leveraging the infrastructure enabled by this partnership to activate programs in the region.
