PXP, a global payments orchestration platform, has partnered with OKTO Payments, a payment service provider, to expand domestic payment methods and treasury management capabilities for PXP’s merchant base across Latin America. This collaboration, announced on September 30, 2026, aims to address the complexities of the region's varied regulatory and banking landscapes.

Partnership Details and Scope

The strategic partnership enables PXP’s merchants to access domestic payment methods and advanced treasury and liquidity management services throughout Latin America. OKTO Payments will operate the payment rails locally in countries including Brazil, Mexico, Colombia, Chile, Peru, and Argentina, connecting directly to domestic infrastructure. PXP processes over €35 billion annually and offers a unified connection for online, mobile, and point-of-sale commerce, supported by in-house acquiring and a diverse portfolio of alternative payment methods.

Kamran Hedjri, CEO at PXP, stated that Latin America is a key market for PXP and its merchant base, acknowledging the region's challenges due to country-specific variations. The partnership with OKTO is designed to provide domestic payment methods, instant pay-ins and payouts, and treasury and liquidity management directly connected to local infrastructure across Latin America through a single connection into PXP. This aims to support merchants and end-users by expanding domestic payment methods and infrastructure, thereby navigating the varying regulations and complexities of these markets.

For PXP’s merchants, the partnership extends beyond acceptance, offering instant pay-ins and payouts on domestic rails, local card processing, advanced treasury and liquidity management, and settlement within a single layer. OKTO Payments, founded in 2019, focuses on being a leading payment service provider for e-commerce merchants in highly regulated sectors, with a core emphasis on the iGaming industry. The company has built its infrastructure in Latin America on a market-by-market basis, establishing local banking relationships and compliance capabilities in each country of operation.

OKTO's Infrastructure and Market Approach

OKTO Payments has developed and proven its infrastructure in Latin America market-by-market. The platform processes instant payments for over 40 international and local merchants, with a total processed volume run rate exceeding €17 billion annually. This volume spans verticals such as e-commerce, i-gaming, FX and trading, digital content, and the creator economy, where local compliance, approval performance, and payout speed are critical for operating at scale.

Andre Boesing, general manager for south Latin America at OKTO Payments, highlighted the unique challenges of the region, noting that each market has its own regulator, banking system, settlement logic, and consumer behavior regarding payment preferences, trusted brands at checkout, and expected refund speeds. OKTO has built local banking relationships, local depth, and compliance capabilities in each market, coupled with in-house engineered product depth, including instant pay-ins and payouts on domestic rails, treasury and liquidity management, and integrated settlement and reconciliation.

For OKTO, this agreement provides a substantial distribution channel into an enterprise merchant portfolio that includes retail, travel and hospitality, gaming, and other demanding digital commerce sectors. This reinforces a partnership model that OKTO has been actively developing. OKTO operates with over 200 skilled professionals and has established a significant presence in major global markets, particularly in Latin America and Europe, within five years.

Addressing Regional Fragmentation

The partnership directly addresses the fragmentation across Latin American markets. PXP’s offering, structured around a single connection for online, mobile, and point-of-sale commerce, is now enhanced to support merchants and end-users in Latin America with a wider array of domestic payment methods and the necessary infrastructure. The region presents specific operational challenges for cross-border merchants due to the distinct characteristics of each market.

OKTO’s infrastructure is designed to transform payments from routine transactions into differentiators, creating personalized and frictionless payment experiences for customers. The company emphasizes enabling instant pay-ins and payouts to reduce friction, improve conversion, and support high transaction volumes without regulatory complexity. Additionally, OKTO provides real-time visibility across balances and positions, automates treasury operations, and facilitates faster, safer decisions with reduced operational risk. Its settlement processes are automated and cross-rail, aiming to improve accuracy and streamline domestic and international operations.

Key Facts

  • PXP and OKTO Payments announced a strategic partnership on September 30, 2026.
  • The partnership aims to bring domestic payment methods and advanced treasury management to PXP’s merchants in Latin America.
  • OKTO Payments will operate local payment rails in Brazil, Mexico, Colombia, Chile, Peru, and Argentina.
  • PXP processes over €35 billion annually, while OKTO processes over €17 billion annually.
  • The collaboration addresses the complexities of varying regulations and banking systems across Latin American countries.
  • OKTO Payments was founded in 2019 and has over 200 skilled professionals.