As recently as six or seven years ago modern payments infrastructure in Latin America didn't really exist. Most countries had a monopoly when it came to payments processing and these monopolies sit on old technology that is difficult and expensive to maintain.
A lot has changed today. Digital payments infrastructure has been built and while those old monopoly companies still exist there is now digital payments infrastructure throughout the region.
My next guest on the Fintech One-on-One podcast is Aron Schwarzkopf, the CEO and Co-Founder of Kushki. The mission of the company is "connecting Latin America through payments" and they are doing this by building new technology that others can build on to provide a comprehensive digital payments experience.
In this podcast you will learn:
- Why Aron decided to head back to Latin America after some time in the US.
- The three big problems he encountered there.
- How the payments landscape has evolved in Latin America.
- What Kushki does exactly.
- The two types of clients they serve.
- How easy it is to accept international payments online.
- The countries they operate in today.
- Why the prevalence of cash means a green field opportunity for Kushki.
- Why the growth of real-time payments is helping grow the market.
- What it meant when the government of Ecuador named Kushki as the first payment aggregator.
- Why they acquired BillPocket in Mexico.
- The key takeaways from the recent report they published with Statista.
- Why Kushki experiences less fraud than others in Latin America.
- Aron's vision for the future of digital payments in Latin America.
Connect with Aron on LinkedIn
Connect with Kushki on LinkedIn
Connect with Fintech One-on-One:
- Tweet me @PeterRenton
- Connect with me on LinkedIn
- Find previous Fintech One-on-One episodes