Thredd has joined forces with Payblr, a Puerto Rico-based payments enabler and licensed BIN sponsor, to aid international fintech companies aiming to enter and grow in Latin America and the Caribbean (LAC).
The partnership seeks to streamline regional expansion by merging Thredd’s global processing infrastructure with Payblr’s local regulatory expertise.
Modular API-first Card Issuing Framework
This collaboration provides a flexible, API-centric approach to card issuance that tackles common challenges faced by non-local fintechs entering LAC markets, such as fragmented regulations, delays in onboarding, and cross-border compliance issues.
Latin America: A High-Growth Fintech Landscape
Latin America has become one of the world’s most promising fintech regions, driven by robust digital adoption, a growing mobile-first user base, and increasing demand for accessible financial services. Despite this growth, over 70% of adults in the region are underbanked or unbanked, according to World Bank estimates, creating an environment ripe for innovation.
However, international fintechs face several structural challenges when trying to scale across multiple markets within Latin America. Differing regulatory frameworks, fragmented banking systems, and currency exchange restrictions can pose significant hurdles.
By integrating Thredd’s scalable global processing platform with Payblr’s regional issuing capabilities, including support for USD-denominated card programs, the partnership offers a comprehensive solution for fintechs looking to introduce services such as gig economy payouts, cross-border disbursements, and digital wallets. This approach allows these services to be deployed more efficiently without sacrificing compliance or operational resilience.
Regional Infrastructure Partnerships
This collaboration underscores a broader trend in the payments industry toward cross-border alliances that balance rapid deployment, scalability, and regulatory adherence. As fintechs venture into underpenetrated and complex regions, partnerships between global processors and local enablers are becoming crucial components of market entry strategies.
Thredd reports that its clients are already utilizing this new infrastructure to launch operations in multiple Latin American markets. The partnership is anticipated to drive wider adoption and facilitate faster deployment of financial services in the region.