Bamboo Payment partners with Ontop to revolutionise payment solutions in Latin America

Strategic partnership drastically cuts payment processing times, boosting efficiency across Latin America. End Quote

(1888PressRelease) September 18, 2024 - Montevideo, Uruguay – Bamboo Payment (Bamboo), a driving force in innovative payment solutions, is delighted to announce a groundbreaking strategic partnership with Ontop, a leader in global payroll management. This alliance is set to transform the workforce management landscape in Latin America, dramatically reducing payment processing times and enhancing fund accessibility for workers.

This strategic partnership addresses longstanding challenges faced by workers in the region, including delays in fund withdrawals and high conversion costs. By leveraging Bamboo’s advanced infrastructure, Ontop’s offerings have been significantly enhanced, delivering transactions that are not only faster but also more cost-effective.

"We are excited to partner with Ontop to refine payment processes in Latin America. This collaboration doesn't just accelerate transactions—it reinforces our dedication to providing dependable and transparent services," stated Francisco Leon, CEO of Bamboo.

In the first week of operations alone, Bamboo and Ontop successfully processed over a couple of million dollars, benefiting thousands of contractors with an impressive 99.75% approval rate. The collaboration has notably reduced payment processing times from days to just a few minutes, most of them in real time, covering all local banks and digital wallets within the country. This efficiency ensures that contractors can access their funds in the Ontop account at any time, providing instant availability and streamlined currency conversion.

"The synergy between our technological platforms has rapidly produced tangible benefits, as seen in some Latam markets. This is a testament to our shared vision and commitment to simplifying payments operations globally," remarked Juan Pablo Acosta, Head of Financial Operations at Ontop.

As we look to the future, Bamboo and Ontop are committed to extending these enhancements to additional markets in the region, aiming to replicate this success in other Latin American markets facing similar challenges. This expansion is expected to set new benchmarks in payroll efficiency, positioning both companies as leaders in their spaces.

About Bamboo: Bamboo drives business growth across Latin America by providing seamless access to instant payment methods and cross-border settlements. With comprehensive pay-in and payout capabilities, our platform offers unmatched speed and extensive coverage, empowering merchants to make agile business decisions and capitalize on opportunities swiftly. With presence in key markets including Brazil, Argentina, Colombia, Mexico, Peru, Chile and Uruguay, Bamboo combines local expertise with a single platform solution, allowing global merchants to maximise their reach within Latin America’s diverse population. Discover more at bamboopayment.com.
About Ontop: Ontop is the go-to platform for businesses managing global payroll and payments. We remove the complexity of your cross-border financial operations while making real-time payroll processing simple and efficient. With a user-friendly interface that ensures compliance and transparency in every country you operate in, OnTop can help your business stay ahead in the global market. See how we’re leading the worldwide transformation in financial management at getontop.com.

For further information, please contact:
Email: sales ( @ ) bamboopayment dot com

###

space

Other Related Press Releases