API Fintech

Xendit plans to expand operations in Latin America

• ByStartupStory     |    October 31, 2025

Xendit Plans to Expand Operations in Latin America Amid Growing Demand for Seamless Payments

Xendit, the leading Southeast Asian fintech company specializing in digital payment infrastructure, has announced plans to expand its operations into Latin America. This strategic move aims to tap into the rapidly evolving payments landscape in the region, driven by increasing digital adoption and the growth of ecommerce, gig economy, and financial services sectors.

Founded in 2015, Xendit has built a comprehensive, API-first payment platform that enables businesses—from startups to large enterprises—to collect and disburse funds efficiently across multiple payment channels, including bank transfers, e-wallets, and credit/debit cards. The company currently operates primarily in Indonesia, the Philippines, and Singapore, servicing thousands of customers with scalable and secure payment solutions.

The expansion into Latin America will leverage Xendit’s proven technology stack, local partnerships, and expertise in navigating complex regulatory environments to deliver seamless, cost-effective payment solutions tailored to the unique market dynamics of countries such as Mexico, Brazil, Colombia, and Argentina.

Xendit’s CEO emphasized the importance of Latin America as a high-growth region where millions of businesses and consumers are rapidly embracing digital payments, yet many still face fragmented and inefficient payment infrastructures. By entering this market, Xendit aims to democratize access to reliable payment capabilities, accelerating financial inclusion and digital commerce growth.

The company plans to establish regional offices, onboard local talent, and collaborate with banks, fintech players, and regulators to build robust payment ecosystems. Additionally, Xendit intends to introduce innovations such as real-time payments, instant settlement, and enhanced fraud detection tailored to the Latin American context.

This expansion aligns with global trends of fintech companies crossing borders to provide standardized, API-driven payment experiences while customizing to local requirements. As ecommerce volumes and digital service consumption surge in Latin America, payment infrastructure providers like Xendit are well-positioned to capture substantial market share.

Industry analysts note that Latin America’s underbanked population and growing smartphone penetration create fertile ground for fintech innovation, echoing successes seen in Southeast Asia. Xendit’s entry adds competitive pressure and promises improved efficiency, transparency, and choice for consumers and merchants alike.

This foray into Latin America also diversifies Xendit’s revenue streams and strengthens its position as a global payments leader. The company continues to attract investment from top venture capital firms supporting its ambitions for cross-continental growth and innovation.

In summary, Xendit’s planned expansion into Latin America marks a strategic effort to address regional payment infrastructure challenges, empower digital commerce, and replicate its Southeast Asian fintech success in one of the world’s fastest-growing digital economies.

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