PXP and OKTO PAYMENTS Partner to Launch Local Payment Rails Across Latin America

PXP has partnered with OKTO PAYMENTS to integrate domestic payment rails and advanced treasury management across Latin America. For fintech professionals, this move addresses the persistent friction of fragmented regulatory environments in markets like Brazil and Mexico, allowing enterprise merchants to access local liquidity and instant settlement through a single orchestration layer.

What was announced

PXP, which processes over €35bn in annual volume, is expanding its reach into Latin America by leveraging OKTO PAYMENTS’ local infrastructure. The partnership targets several key markets, including Brazil, Mexico, Colombia, Chile, Peru, and Argentina. By connecting directly to domestic rails, PXP’s merchant base can now access instant pay-ins and payouts alongside local card processing, overcoming the complexity of varying regional regulations.

The technical integration provides more than just payment acceptance; it includes advanced treasury and liquidity management, and settlement within a single layer. This is particularly relevant for high-velocity sectors such as eCommerce, iGaming, FX, trading, and the creator economy. In these verticals, the speed of payouts and local compliance often dictate a merchant's ability to scale. OKTO PAYMENTS currently operates at a total processed volume run rate of more than €17bn annually, serving over 40 international and local merchants.

For OKTO, the agreement provides a significant distribution channel into PXP’s enterprise portfolio, which spans retail, travel, and hospitality. The collaboration offers a unified connection for merchants who previously had to navigate separate banking systems and settlement logics in each Latin American territory. By pairing local banking relationships with in-house engineered product depth, the partnership aims to provide a seamless experience for merchants requiring high approval performance and rapid payout speeds.

"PXP has built something genuinely rare — a unified platform with the acquiring capability and the enterprise merchant relationships to match it, and a team that understood from the first conversation what local depth in Latin America actually requires. That is why this partnership works. Latin America is a region with multiple challenges. Every market has its own regulator, its own banking system, its own settlement logic, and its own consumer behaviour: how people expect to pay, which brands they trust at checkout, how fast they expect their money back. We have built local banking relationships, local depth and compliance capability in each market we operate, and we pair that with product depth engineered in-house — instant pay-ins and payouts on domestic rails, treasury and liquidity management, settlement and reconciliation in one layer. PXP's merchants get all of it, seamlessly."

Andre Boesing, General Manager South LatAm, OKTO PAYMENTS.

The companies involved

PXP Financial is a global payments orchestration platform that provides a unified solution for online, mobile, and point-of-sale commerce. The company has established itself in the market through a combination of in-house acquiring and a diverse portfolio of alternative payment methods. Under the leadership of Kamran Hedjri, Founder and Group CEO, PXP has focused on building a platform that can handle the complex requirements of enterprise-level merchants across multiple geographies.

OKTO PAYMENTS is a next-generation payment service provider that specializes in building and operating domestic payment infrastructure. The company distinguishes itself by establishing direct banking relationships and local compliance depth in every market where it operates. This strategy allows OKTO to offer high-performance approval rates and rapid payout speeds, which are critical for digital-first industries. The executive team includes Diana Theodoridi, who serves as CMO. OKTO has deliberately built a partnership-driven model, positioning itself as a localized layer for global orchestration platforms that need to overcome the structural barriers of emerging markets, particularly within the Latin American region.

What FF News has reported before

FF News has previously tracked PXP’s expansion and its strategic efforts to broaden its acquiring capabilities across different regions. In late 2026, the publication reported on a significant move in the European market when RS2 Partners With PXP to Power European Acquiring Across 30+ Markets. That partnership was designed to strengthen PXP's footprint across more than 30 European territories, mirroring the current strategy of using deep local partnerships to simplify cross-border commerce. This earlier collaboration highlighted PXP’s commitment to providing merchants with a streamlined connection to diverse domestic markets, a theme that continues with its latest entry into the Latin American infrastructure through OKTO.

What this means

The Latin American payments landscape is currently defined by a tension between global scale and local nuance. While orchestration platforms promise a single point of entry, the reality of domestic rails in markets like Brazil or Argentina requires deep compliance and direct banking ties that global players often struggle to maintain. This partnership signals a shift where orchestration platforms are increasingly plugging into specialized regional infrastructure providers rather than building in-house. This puts pressure on traditional cross-border acquirers who cannot offer instant payouts or domestic settlement. The industry's move toward these "single-layer" integrations suggests that local depth is becoming the primary differentiator in the battle for enterprise merchant loyalty.