MIAMI– December 7th, 2021 – Today, Curaçao based CX Pay B.V. announced that the FinTech company  has selected the payment and anti-fraud platform CyberSource, a Visa solution, to broaden its service  offering, while further increasing its application’s compatibility to serve a progressively wider market.    

CX Pay first offered online payment services in 2016 and has grown its partner and client base across the  Latin America and Caribbean (LAC) region. CX Pay has provided solutions to merchants in 28 markets  throughout the PanCaribbean area and beyond with some special integrations.  

During the past five years, the e-commerce facilitator’s merchant base has experienced a compounded  annual growth rate of 54.2% which have resulted in a compounded annual growth rate of 129.6% in the  number of transactions and 209.8% in sales volume.  

“After 5 years of laying the foundation for payments innovation in the region, CX Pay is ready for the  next level and teaming up with Visa’s Cybersource technology is a logical step towards realization of the  company’s next growth wave,” said Luis Santine, Chief Executive Officer of CX Pay. 

“The new partnership with CX Pay and Cybersource will bring innovation and new acceptance solutions  to support growth and higher competitiveness amongst merchants in the Caribbean”, said Jorge Salum,  Senior Business Development Leader Caribbean Countries at Visa. “Cybersource, a Visa wholly owned  subsidiary since 2010, will help small businesses reach a larger number of consumers. At Visa, we know  that merchants’ prosperity contributes to the growth of economies.”  

In addition to merchants, CX Pay has established a strong network of banks who partake in e-commerce  activities in the region. The company’s compatibility with airline, booking and tourism software, regular  retail and digital services software makes CX Pay a preferred e-commerce partner for a growing number  of merchants.  

The collaboration with Cybersource enables CX Pay to offer service in additional territories and develop  new payment features with the latest technology to serve even more merchants in the region. The  Cybersource global payment management solution will also make it possible for CX Pay to support  merchant platforms like Shopify and many other software providers and maintain the highest standard  of security with 3DSecure 2.0 and other risk tools, including the latest technologies like “Tap on Glass”.    

About CX Pay B.V  

CX Pay is a payment solutions provider based in Curaçao, Aruba and Mexico. CX Pay’s focus is on  payment technology and e-commerce innovation that is geared towards simplifying the collection of  funds for business owners through traditional card schemes like Visa and MasterCard, AMEX and  Discover, as well as for various Local Payment Methods such as iDeal, Sofort Banking, Alipay, BitPay,  Banamex and ELO, to just name a few. Next to its gateway services, CX Pay’s offering includes an e wallet solution, a cashless event solution and a donation based crowdfunding platform. For more info  visit: www.cxpay.global 

About Cybersource  

Cybersource is a global, modular payment management platform built on secure Visa infrastructure with  the benefits and insights of a vast $427 billion global processing network. This solution helps businesses  operate with agility and reach their digital commerce goals by enhancing customer experience, growing  revenues and mitigating risk. For acquirer partners, Cybersource provides a technology platform,  payments expertise and support services that help them grow and manage their merchant portfolio to  fulfil their brand promise.