EBANX, an Endeavor Brazil supported company, recently announced a strategic alliance with AliExpress, an online retailer and an affiliate of the Chinese e-commerce giant AliBaba Group. Through this partnership, Brazilians will now be able to purchase any of the 54 million products offered by AliExpress (everything from car accessories to clothing to electronics) using their preferred local payment method, Boleto Bancario.
Founded in 2011, EBANX is the market leader in e-commerce payment solutions for International Merchants in Brazil. Previously, Brazilians could only make international purchases using international credit cards, which just 36% of the population has access to. Using EBANX, however, Brazilian consumers can buy foreign products using their preferred local payment method- Boleto Bancario, Domestic Bank Transfers (TEF), or Credit Cards, connecting them to the global e-commerce market. EBANX collects payments locally and transfers funds to merchants internationally with the fastest remittance method in the market today.