AstroPay, a financial technology firm, is increasing its footprint in Latin America. The company is introducing its payment link service to small and mid-sized enterprises (SMEs) in Peru, Chile, Mexico, and Colombia. This action is part of AstroPay’s broader objective to make payment links accessible globally.
AstroPay’s payment link technology enables companies to receive payments online via a distributed link or even a mobile phone number. This simplifies the payment process for businesses, and customers can pay in their local currency or USD.
Latin America represents a significant market for AstroPay, particularly with the rapid expansion of SMEs in the region. AstroPay recognizes a substantial opportunity to support the growth of these businesses by providing them with the necessary tools to thrive.
Mikael Lijtenstein, AstroPay’s Chief Executive Officer, highlighted that numerous small businesses struggle to meet the criteria for accepting credit cards. This is where online payment solutions come into play, offering them alternative avenues to generate revenue and compete with larger corporations.
Utilizing payment URLs is a fantastic choice for smaller enterprises due to their user-friendly nature and cost-effectiveness. For instance, AstroPay’s payment URLs provide a straightforward and budget-friendly solution for small and micro-businesses to expedite their payment collection process.
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