Expanding into Latin America is a strategic priority for global digital businesses, but the “how” is often misunderstood. With Brazil projected to reach over $125 billion in e-commerce volume by 2029 and Mexico growing at an annual rate of 16.8%, the opportunity is massive.

However, many global merchants fail because they try to enter the region with a “one-size-fits-all” international payment strategy. At LetPay, we bridge this gap.

Breaking the International Card Myth

The most critical data point for any global merchant is this: International credit cards only reach 6.5% of the Brazilian population. If your checkout only accepts international cards, you are effectively ignoring over 90% of your potential customers.

The reality across the region remains consistent:

• Mexico: 78% of consumers prefer alternative payment methods or cash over credit cards.

• Colombia: Cash payments and local methods represent 87.7% of the market share.

• Peru: 48% of consumers still rely on cash for transactions.

The LetPay Advantage: Local Infrastructure, Global Growth

LetPay was founded by the original creators of PagSeguro and Mercado Pago Brazil. We have taken decades of experience in the Brazilian payment landscape to build a cross-border solution that removes every barrier for international merchants.

Why Partner with LetPay?

• No Local Entity Required: Start selling in Brazil, Mexico, Colombia, Peru, and Chile without the need for a local company registration or bank account.

• Native Payment Rails: We provide direct access to the region’s most powerful methods:

  • Brazil: PIX (206M+ daily transactions) and Boleto Flash®.

  • Mexico: OXXO Pay (84,000+ points) and SPEI transfers.

  • Colombia: PSE, which powers 35% of all online purchases in the country.

• Automated Compliance: Our system handles user and tax ID validation automatically, ensuring you stay compliant with local regulations while maintaining a frictionless user experience.

Proven Results: 9-Digit Success

Since 2017, we have specialized in high-risk and high-volume cross-border payments. Our infrastructure has processed over $100 million for hundreds of happy merchants worldwide.

Case Studies from the PDF:

• MuchBetter: Processed over $100M+ in volume and 3.5M+ transactions through LetPay.

• Cupid Media: Saw an 83% increase in revenue specifically from PIX, with a 92% total approval rate.

• XVideos: Maintains a 99% approval rate on their transaction volume.

Secure, Fast, and Scalable

Security is at our core. LetPay is PCI DSS Compliant, featuring 3DS 2.0 and advanced Fraud Protection to minimize chargebacks and disputes.

Our onboarding process is optimized for speed, taking you from legal approval to “Go-Live” in just a matter of days.

Ready to unlock Latin America?

Don’t let regional complexity stop your global expansion. LetPay provides the local collection and global settlement infrastructure you need to win.