PXP and OKTO PAYMENTS are targeting the complexity of Latin America’s fragmented payment markets.
PXP, the global orchestration platform, has partnered with OKTO PAYMENTS to expand its domestic payment methods, treasury and liquidity capabilities across Latin America.
The deal provides PXP merchants with access to local payment infrastructure managed by OKTO in Brazil, Mexico, Colombia, Chile, Peru, Argentina and several other LatAm markets.
Handling over €35bn in annual volume, PXP offers businesses a unified integration platform for mobile and in-person payments, in addition to its in-house acquiring and alternative payment rails.
Kamran Hedjri, CEO of PXP, said Latin America is a key market for the company and its merchant base, but added that the region presents challenges because of variations between countries.
“OKTO operates domestic rails market by market across LatAm, with the banking relationships and compliance depth each one requires, and has proven these at scale,” said Hedjri.
He added that the partnership will allow a single connection into PXP to offer domestic payment methods, instant pay-ins and payouts, alongside treasury and liquidity management connected to local infrastructure across LatAm.
PXP expands domestic payment coverage across LatAm
This agreement links the company’s users to OKTO’s on-the-ground infrastructure, leveraging local banking connections and regulatory coverage in each jurisdiction.
OKTO developed its regional network piece by piece, building custom operations across Brazil, Mexico, Colombia, Chile, Peru, Argentina and surrounding territories.
The company recently named Marcos Techera as Managing Director, LATAM, a position that sees him lead OKTO’s operations and commercial growth across Latin America.
Andre Boesing, General Manager South LatAm at OKTO PAYMENTS, pointed out that every nation in the region runs on its own regulatory framework, banking rails, settlement rules and buyer habits.
“We have built local banking relationships, local depth and compliance capability in each market we operate, and we pair that with product depth engineered in-house,” said Boesing.
He said the company’s infrastructure includes instant pay-ins and payouts on domestic rails, treasury, liquidity management, settlement and reconciliation in one layer.
OKTO currently powers instant transactions for over 40 global and regional merchants, running at a processed volume pace above €17bn every year.
Boesing said these are sectors “where local compliance, approval performance and payout speed decide whether a merchant can operate at scale at all”.
Its client list spans online retail, iGaming, FX trading, digital media and the creator economy. OKTO emphasises local compliance, authorisation performance and payout speed as major advantages in fragmented jurisdictions.
Partnership expands merchant proposition
The deal also opens the door for OKTO to connect with PXP’s enterprise client base across retail, travel, hospitality, gaming and digital services.
According to the companies, PXP merchants will gain access to local payment choices and deeper financial infrastructure through a single layer and won’t have to rely on card processing.
Boesing said the partnership means merchants will be able to access OKTO’s local infrastructure without having to navigate the complexity of individual markets themselves.
“PXP’s merchants get all of it, seamlessly,” said Boesing.
The arrangement reinforces a partnership strategy OKTO has been refining, combining its regional footprint with access to PXP’s global merchant portfolio. The company currently connects sellers to multiple merchant acquirers through a single integration while operating in over 30 countries, which is broadened by integrating with OKTO.
