Empowering

Subscription Businesses In Latin America And Africa With Ebanx Through Zuora

Are you ready to seize the booming Latin American subscription market, set to exceed $30 billion by 2025? Or how about fast-growing subscription economies such as Nigeria and South Africa?


Understanding local nuances is your ticket to success. As you transition from freemium to premium, listening to your audience's local payment preferences and subscription choices becomes paramount.

But here's the good news: adapting to diverse payment preferences and evolving consumption demands is easier than you think. With EBANX's subscription solution through Zuora, you can enhance recurring payment execution and fuel growth across Brazil, Mexico, South Africa, Colombia, Nigeria, Chile, Peru, and eight other markets.

Meet The Markets Covered By Ebanx + Zuora:

Latin America

Reach the largest Latin American markets by accepting credit and debit cards, including local card schemes, and alternative payment methods.

Brazil

Market Info & Payment Methods Available


  • Brazil is the largest economy and online population in Latin America.

  • The Brazilian subscription economy witnessed a remarkable 167% surge over the last four years.

  • Subscription clubs in Brazil generated BRL 1 billion in revenue in 2022.




Sources: PCMI

Mexico

Market info & Payment Methods Available


  • Mexico boasts 79% internet access, leading to the highest mobile digital commerce penetration in Latin America.

  • With a digital commerce market worth US$ 74.5 billion, Mexico holds the second-largest position in Latin America.

  • The Mexican subscription market is projected to grow by 31% from 2022 to 2026, surpassing the global average of 25%.




Sources: PCMI

Colombia

Market Info & Payment Methods Available


  • Colombia ranks as the third-largest digital commerce market in LatAm, valued at USD 42.3 billion, marking a 30% growth in the last year.

  • The subscription market penetration in Colombia ranges from 43% to 65% of Colombians having at least one subscription.

  • Colombia's subscription economy has had an annual growth rate of 20% over the past three years.



Sources: PCMI/La república.co

Chile

Market Info & Payment Methods Available


  • Chile has the highest internet penetration in Latin America.

  • 87% of adult Chileans make online purchases.

  • Consumer spending in Chile nearly doubles the Latin American average.






Sources: PCMI

Peru

Market Info & Payment Methods Available


  • Peru is the fastest-growing online market in Latin America.

  • Over the past decade, Peru's economy has doubled the growth rate of the Latin American average.

  • As of 2022, monthly subscription costs for entertainment platforms in Peru accounted for 10.2% of the average monthly salary of Peruvians.




Sources: PCMI

Other Markets

Argentina

Payment Methods Available

Uruguay

Payment Methods Available

Paraguay

Payment Methods Available

Costa Rica

Payment Methods Available

Guatemala

Payment Methods Available

Panama

Payment Methods Available

Dominican Republic

Payment Methods Available

El Salvador

Payment Methods Available

Africa

Expand your subscription business across the burgeoning South African and Nigerian markets with the most suitable payment methods.

South Africa

Market Info & Payment Methods Available


  • South Africa is the third largest digital commerce market in Africa, worth USD 7 billion in 2023.

  • South Africa counts on consistent levels of internet connectivity, with around 78% penetration.

  • The South African subscription economy is projected to reach over $820 million by 2025.




Sources: PCMI/Africanews

Nigeria

Market Info & Payment Methods Available


  • Nigeria is the largest digital commerce market in Africa, worth USD 15 billion. By 2026, it will double its size, reaching USD 33 billion.

  • Nigeria is the most populous country in Africa and nearly half (58 million) of its adult population buys online.

  • Over 60% of consumers in Nigeria are under 30 – an appealing market opportunity for digital enterprises.



Sources: PCMI

Talk to an ExpertLearn more about EBANX

The Local Processing Solution In Latam & Africa Powered By Zuora & Ebanx

Charge in Local Currency and Get Paid in USD

By serving as the merchant of record, EBANX removes the requirement for a local entity, giving you the power to sell in local currencies

Local Processing

Unlock direct connections to Zuora's local processing for enhanced payment performance and expanded market reach in each market.

Localized Customer Support

Multi-lingual customer support team to address any payment-related questions in Portuguese/ Spanish/ English, 24/7/365.

Unified Settlement

By serving as the merchant of record, EBANX removes the requirement for a local entity, giving you the power to sell in local currencies.

How It Works:

Get in touch with Zuora to Activate EBANX

Through EBANX, you will go through a standard enrollment process including a custom proposal and contract.

Payment Configuration

In Zuora's platform, select EBANX as your payment provider. Then pick the countries and payment methods available that you'd like to add to your business operations.

Start Transacting

It's all set! EBANX's partnership with Zuora was designed to fasten your go-to-market, simplify operations, and be a plug-and-play solution for you in Latin America and Africa.