EBANX aims to provide payments to cloud firms.

The SaaS and cloud industries are now served by a payment system provided by Brazilian finance business EBANX.

EBANX aims to provide automatic payments to cloud firms.

Over the past few years, usage of the cloud and software as a service (SaaS) has grown dramatically on a global scale.

According to Gartner’s most recent projection on cloud adoption, end-user expenditure on the cloud is anticipated to reach $600 billion in 2023. Companies in the cloud and IT services market are nevertheless faced with numerous difficulties, despite this level of growth.

EBANX, a Brazilian payments fintech business focusing on B2B software and cloud payment services for emerging markets, has introduced a new high-value-ticket automated payments solution in an effort to overcome these difficulties.

This declaration was made at the just finished annual Latin America Summit of EBANX, which took place in Mexico. The business disclosed that more businesses looking to offer cloud, ERP, and SaaS subscriptions throughout Latin America and other regions of the world will be targeted by the automated payment process.

This new technology is anticipated to handle massive batches of tickets in one fell swoop and automate checkout sales from $10,000 and upwards. The solution is also intended to make sure that the quickly expanding SaaS sector in South America has access to a payment processing option that will facilitate payments between Latin American SaaS enterprises and businesses in other parts of the world.

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