EBANX, a payment technology company connecting merchants with consumers and businesses in emerging markets, announced the expansion of its recurring alternative payment methods (APMs) offering to six additional countries: the Philippines, Indonesia, Thailand, South Africa, Colombia, and Peru.
The announcement was made during the Money20/20 Asia event in Bangkok, Thailand. It follows a recent expansion of EBANX’s payments operations into Indonesia, Thailand, Turkey, Malaysia, and Vietnam, with Malaysia and Vietnam scheduled to go live in the third quarter. These operations are supported by EBANX’s APAC headquarters in Singapore.
The new rollout builds on EBANX’s existing recurring APM capabilities in India, Brazil, Mexico, Chile, Argentina, and Uruguay. Through these integrations, merchants offering subscription-based services, including streaming, software, and gaming platforms, can reach more than 1 billion users of alternative payment methods across Asia, Africa, and Latin America, based on data from APM operators and Statista.
According to World Bank data, more than 1.3 billion adults in these markets do not have access to credit or debit cards.
“Consumers without access to credit or debit cards rely heavily on APMs to pay for subscription-based e-commerce services,” said Eduardo de Abreu, Global Chief Product Officer at EBANX and Regional CEO of EBANX Singapore. “If a SaaS or streaming company does not offer local, alternative solutions for these consumers, they simply won’t access them.”
The expansion includes recurring payment capabilities for digital wallets in Southeast Asia, including Maya and GCash in the Philippines, OVO and DANA in Indonesia, and TrueMoney in Thailand. These rollouts are scheduled across the second, third, and fourth quarters of the year.
Eduardo de Abreu, Global Chief Product Officer (CPO) at EBANX and Regional CEO of EBANX Singapore. Image provided by EBANX
In Asia, EBANX also supports recurring transactions through UPI AutoPay, built on India’s instant payment infrastructure, UPI. The company reported that one merchant using UPI AutoPay acquired more than 4,000 new customers per day during its first three months.
In South Africa, EBANX is enabling recurring payments through Capitec Pay Recurring, a feature of the account-to-account payment solution Capitec Pay. This allows merchants to collect recurring payments directly from bank accounts in a non-card payment flow.
In Latin America, Pix Automático, the recurring feature of Brazil’s Pix payment system, was introduced last year and integrated by EBANX. The company stated that 56% of customers using Pix Automático with its merchants are new users.
EBANX also reported results from NuPay, where a SaaS provider using its recurring feature saw a 13% increase in paid subscriptions compared to credit cards, a 17% increase in free trial sign-ups, and a 76% payment success rate.
As part of the latest expansion, EBANX is enabling additional alternative payment methods for cross-border transactions, including Nequi in Colombia and Yape in Peru. These are added to existing integrations such as Mercado Pago across multiple Latin American markets, along with Pix Automático and NuPay in Brazil.
EBANX said recurring APMs operate through a consent-based enrollment model, allowing merchants to initiate billing automatically after user authorization, reducing the need for manual payment at each renewal.
During Money20/20 Asia, EBANX representatives are participating in two sessions. Eduardo de Abreu is joining a panel on ecosystem development alongside representatives from Nium, Boku, and Bitpace. Vladimira Artopé, Regional Director for Southeast Asia at EBANX, is participating in a discussion on financial inclusion and the role of fintech and education solutions for underserved women in Asia.
About EBANX
Founded in 2012 in Brazil, EBANX provides payment technology that enables businesses to offer local payment methods and manage cross-border transactions across Latin America, Africa, and Asia. The company established a technology and regulatory headquarters in Singapore in 2026.
