PXP partners with OKTO PAYMENTS to simplify LatAm payments

The deal connects PXP merchants to OKTO’s local payment rails and treasury tools across Latin American markets.

Key takeaways:

• PXP has signed a strategic partnership with OKTO PAYMENTS to expand domestic payment methods and treasury management across Latin America.   
• OKTO operates direct domestic rails in Brazil, Mexico, Colombia, Chile, Peru, Argentina, and other regional markets.  
• PXP processes over €35bn annually, while OKTO processes over €17bn annually across ecommerce, igaming, FX, and digital content.  
• The partnership delivers instant pay-ins, payouts, local card processing, and settlement in a single unified layer.  

Press release.- PXP has partnered with OKTO PAYMENTS to integrate local payment methods and advanced treasury management and liquidity capabilities across Latin America. By combining PXP’s €35bn+ annual processing volume with OKTO’s local banking infrastructure, the deal simplifies operations in Brazil, Mexico, Colombia, Chile, Peru, Argentina and beyond. This collaboration provides global enterprise merchants with a single connection point to access domestic payment methods and automated settlement capabilities across the region.

PXP has built its proposition on one connection into online, mobile and point-of-sale commerce, backed by in-house acquiring and a broad alternative payment method portfolio. This partnership with OKTO enables PXP to support LatAm merchants and end-users with expanded domestic payment methods and infrastructure, overcoming the complexity and varying regulations that span these markets.

OKTO PAYMENTS built and proved that infrastructure in LatAm market by market. Platform-wide, OKTO today processes instant payments for more than 40 international and local merchants at a total processed volume run rate of €17bn+ annually, across eCommerce, igaming, FX and trading, digital content and the creator economy — verticals where local compliance, approval performance and payout speed decide whether a merchant can operate at scale at all.

For PXP’s merchants, the partnership covers more than acceptance. Instant pay-ins and payouts on domestic rails sit alongside local card processing, advanced treasury and liquidity management, and settlement in a single layer. For OKTO, the agreement opens a substantial distribution channel into an enterprise merchant portfolio spanning retail, travel and hospitality, gaming and other demanding digital commerce sectors, and reinforces a partnership model the company has been building deliberately.

Andre Boesing, general manager South LatAm at OKTO PAYMENTS: “PXP has built something genuinely rare — a unified platform with the acquiring capability and the enterprise merchant relationships to match it, and a team that understood from the first conversation what local depth in Latin America actually requires. That is why this partnership works. Latin America is a region with multiple challenges. Every market has its own regulator, its own banking system, its own settlement logic, and its own consumer behaviour: how people expect to pay, which brands they trust at checkout, how fast they expect their money back. 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 — instant pay-ins and payouts on domestic rails, treasury and liquidity management, settlement and reconciliation in one layer. PXP’s merchants get all of it, seamlessly.”

Kamran Hedjri, CEO, PXP, added: “Latin America is a key market for PXP and our merchant base, and a challenging region to serve comprehensively due to the variations between each country. 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. Through this partnership, one connection into PXP will offer domestic payment methods, instant pay-ins and payouts, and treasury and liquidity management connected directly to local infrastructure across LatAm. We’re very excited for what this will enable for our merchants and to be collaborating with OKTO.”

Frequently asked questions (FAQs)

• What does the PXP and OKTO PAYMENTS partnership deliver? It provides PXP merchants with domestic payment methods, instant pay-ins and payouts, local card processing, and advanced treasury management across Latin America.  
• Which Latin American markets are covered by OKTO’s local payment rails? OKTO operates local infrastructure directly in Brazil, Mexico, Colombia, Chile, Peru, and Argentina, among other regional countries.  
• How much payment volume do PXP and OKTO process? PXP processes over €35bn annually, while OKTO PAYMENTS runs at a processed volume rate of over €17bn annually.  
• Why is local payment depth critical for merchants operating in Latin America? Each Latin American country has distinct banking systems, regulators, settlement rules, and consumer payment preferences that require localised compliance and infrastructure.