Thredd, a global payments processor, has formed a strategic partnership with Payblr, a Puerto Rico-based regional payments enabler and licensed BIN Sponsor, to offer a streamlined pathway for global fintechs to launch and scale operations across Latin America and the Caribbean (LAC). This collaboration aims to eliminate the traditional complexities associated with entering LAC markets by combining Thredd’s modular technology stack and global processing expertise with Payblr’s cross-border card issuing capabilities. The partnership is designed to provide a seamless route for innovative financial products to go live more rapidly.
Kevin Fox, Chief Revenue Officer for Thredd, stated that the partnership focuses on removing barriers for innovative payment leaders. He noted that expanding into new regions can be intricate and challenging to navigate, and the collaboration with Payblr offers a faster, simpler way for clients to activate programs in Latin America without compromising on compliance, scalability, or speed.
Fabio Garcia Passalacqua, COO & Founder of Payblr, emphasized that Thredd shares their vision for rapid, borderless financial innovation. He highlighted that the partnership enables high-growth companies to expand quickly across Latin America, bypassing many of the regulatory and operational hurdles that often delay global fintechs. This alliance is intended to lay the foundation for a new era of seamless, cross-border payments in the region.
Payblr’s capability to enable U.S. dollar card programs across much of Latin America positions it as a suitable partner for companies involved in gig economy payouts, disbursements, or cross-border services. According to Thredd, clients are already utilizing the infrastructure enabled by this partnership to activate programs within the region.
Thredd serves as a payments processing partner for organizations modernizing their payment offerings globally. The company processes billions of debit, prepaid, and credit transactions annually, supporting over 100 fintechs, digital banks, and embedded finance providers in 47 countries.
Payblr is a Visa-Ready regional payments enabler that assists banks, credit unions, and fintechs across Latin America in expanding their product portfolios with various payment solutions. The company designs and manages customized BIN Sponsorship programs tailored for consumer, commercial, debit, credit, prepaid, or money movement products.
