Unlimit Partners with Pagaloop to Bolster Credit Card Processing Capabilities in Latin America

Mexico City, Mexico - FinTech company Unlimit has launched a collaboration with Latin American B2B payments platform Pagaloop to enhance the payment capabilities of the latter's app. The partnership aims to improve the approval rates for credit and debit card transactions, thereby facilitating the growth of small and medium-sized businesses (SMBs) in the region.

The agreement was announced by Unlimit Mexico, with Martina Selser, head of account management, stating that "we are excited to support Pagaloop in their goal to simplify expense management for small and medium-sized businesses in Mexico and beyond." Selser emphasized that the partnership will deliver a level of service to end customers that meets their needs and supports businesses' growth.

Pagaloop's solution allows businesses to streamline their expenses by easily paying with credit cards in more places. The platform provides an interface where users can pay third-party providers, subcontractors, and service providers or make fixed payments like payroll or rent in situations where cards are not accepted.

The partnership comes at a time when many businesses face complicated and convoluted expense management systems. In contrast, companies that adopt digital tools that use artificial intelligence and machine learning are strengthening financial transparency and assisting them in tracking expenses more effectively.

However, legacy infrastructure and traditional rails often hinder B2B payments, as these outdated systems struggle to adapt to the latest developments in digital payments. As PYMNTS recently highlighted, transitioning to modern payment platforms requires significant time, investment, and operational overhaul.

With this partnership, Unlimit is poised to support businesses in Latin America by expanding credit card processing capabilities while enhancing financial flexibility for SMBs.