Alternative payment methods (APMs)

In rising markets, Alternative Payment Methods (APMs) are leading financial inclusion and digitization of payments. APMs represent 40% in digital commerce in LatAm and, in Africa, the penetration of cards is only at 3%.

With EBANX, the leader in offering APMs, you can expand your total addressable market by providing customers with preferred payment methods in emerging markets.

Mobile Money

Ensure that your customers who do not have a bank account or credit card can purchase with you through their cell phones, using the rails of telephone lines - especially in Africa, the worldwide leader in mobile money.

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APMs: Instant Payments

Account-based transfer

In a single integration, access the popular instant payment methods that have been taking emerging markets by storm, such as UPI and Pix, which became extremely popular in India and Brazil, respectively.

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APMs: Digital Wallets

Account-based transfer

Surf the wave of digital wallets, such as MercadoPago and PicPay in Latam, and reach a generation of customers who do not manage payments through traditional banks.

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APMs: Cash-Based Vouchers

From Boleto in Brazil and OXXO in Mexico to other cash-based vouchers extensively used in growing economies, amplify the offer of payment methods to unbanked, underbanked, and cash-enthusiastic buyers.

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Some global techs offering APMs through EBANX

Higher conversion rates through optimized APM UX

EBANX exclusive voucher design and communication flow (reminders) according to user behavior have accounted for an average 27 percentual points conversion uplift in cash-based vouchers.

Increased revenue

Connections to 100+ local payment players and exclusive solutions to increase vouchers' conversion rates.

Larger Total Addressable Market (TAM)

Merchants get an average increase of 30% on their TAM (Total Addressable Market) by offering APMs (according to AMI).

Optimized user experience 

Our payments' portfolio includes the most popular and high performer APMs, such as PIX in Brazil and Ozow in South Africa.

Streamlined operations 

Customizable features tracking 150+ transactions per second and guaranteeing a stable conversion rate.

The continuous rise of Alternative Payment Methods (APMs)

Growing economies are heavily dependent on alternative payment methods for financial inclusion. About half of the population in Latin America are under or unbanked, and don't have access to credit, meanwhile Africa has a card penetration of only 3%. To complete their online purchases, they depend on mobile money (payments made through the cell phone operator), account-based transfers (payments made through an account, that can be a bank account or a digital wallet), and cash-based vouchers. New APMs also bring the instant confirmation component (such as PIX, in Brazil) and, in some cases, they include the recently launched Buy Now Pay Later (BNPL) solutions.


Alternative Payment Methods are accessible, safe, effective, and widely adopted in rising markets, where they grow faster than cards. In Latam alone, APMs represent 40% of the digital commerce volume in 2022 in LatAm, a nine percentual points growth compared to two years earlier. In Africa, the impact of APMs is even greater, representing more than 70% of payments made online by 2025.


EBANX is the leader in offering Alternative Payment Methods for global brands in emerging markets.

APMs represent almost 40% of LatAm's digital commerce online sales volume in 2022.

Africa is accountable for 70% of all mobile money transected worldwide, growing at a 39% rate.

EBANX merchants have seen a 72% annual growth on the total volume of APMs, and a 9.4% growth on the share of alternative payments.

Source: EBANX, AMI 2022, and GSMA - State of the Industry Report on Mobile Money 2021

EBANX complete offer on Alternative Payment Methods

Choose the market:

Cash-Based Payment

Boleto EBANX

Boleto EBANX

Instant Boleto

Instant Boleto

Voucher

Voucher

XB

Payout

Pay-in

Digital Wallets

Mercado Pago

Mercado Pago

Mercado Crédito (BNPL)

Mercado Crédito (BNPL)

Paypal

Paypal

PicPay

PicPay

NuPay

NuPay

XB

Payout

Pay-in

Cash-Based Payment

OXXO

OXXO

OXXO Pay

OXXO Pay

Paynet

Paynet

XB

Payout

Pay-in

Digital Wallets

Mercado Pago

Mercado Pago

Mercado Pago Connect

Mercado Pago Connect

Mercado Crédito (BNPL)

Mercado Crédito (BNPL)

XB

Payout

Pay-in

Cash-Based Payment

Rapi Pago

Rapi Pago

Pago Fácil

Pago Fácil

XB

Payout

Pay-in

Digital Wallets

Mercado Pago

Mercado Pago

Mercado Pago Connect

Mercado Pago Connect

Mercado Crédito (BNPL)

Mercado Crédito (BNPL)

XB

Payout

Pay-in

Cash-Based Payment

Servipag

Servipag

Sencilito

Sencilito

Efectivo Klap

Efectivo Klap

XB

Payout

Pay-in

Digital Wallets

Mercado Pago

Mercado Pago

Mercado Pago Connect

Mercado Pago Connect

MACH

MACH

XB

Payout

Pay-in

Cash-Based Payment

Efecty

Efecty

XB

Payout

Pay-in

Digital Wallets

Nequi

Nequi

XB

Payout

Pay-in

Digital Wallets

Pago Efectivo

Pago Efectivo

XB

Payout

Pay-in

Cash-Based Payment

Pago Efectivo

Pago Efectivo

SafetyPay

SafetyPay

XB

Payout

Pay-in

Digital Wallets

PagosNet

PagosNet

XB

Payout

Pay-in

Cash-Based Payment

SafetyPay

SafetyPay

XB

Payout

Pay-in

Mobile Money

MTN Mobile Money

MTN Mobile Money

XB

Payout

Pay-in

Mobile Money

Orange Money

Orange Money

Free Money

Free Money

XB

Payout

Pay-in

Mobile Money

Airtel

Airtel

Tigo

Tigo

Mpesa

Mpesa

XB

Payout

Pay-in

Mobile Money

Airtel

Airtel

Tigo

Tigo

Mpesa

Mpesa

XB

Payout

Pay-in

Cash-Based Payment

Fawry

Fawry

XB

Payout

Pay-in

Online Alternatives

Mpesa

Mpesa

Airtel

Airtel

XB

Payout

Pay-in

Mobile Money

Airtel

Airtel

Mpesa

Mpesa

Tigo

Tigo

XB

Payout

Pay-in

Mobile Money

Moov Money

Moov Money

MTN Mobile Money

MTN Mobile Money

Orange Money

Orange Money

XB

Payout

Pay-in

Ready to offer the best alternative payment methods to your customers in rising markets?

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