PXP Partners with OKTO Payments to Add Local Latin American Rails Across Brazil, Mexico, Colombia and More

PXP has signed a strategic partnership with OKTO PAYMENTS to bring domestic payment methods, treasury management and liquidity capabilities across LatAm to its merchant base. For high-risk merchants, the point is simple: local rails, local operation, and fewer excuses from the banking side when settlement, payout speed and approval performance start to matter.

1. PXP says it processes €35bn+ annually and positions itself as a single connection into online, mobile and point-of-sale commerce, backed by in-house acquiring and a broad alternative payment method portfolio. The new agreement is meant to extend that setup into Latin America with domestic payment methods and infrastructure that can handle the region’s fragmented rules country by country.
2. OKTO says it operates the rails locally in Brazil, Mexico, Colombia, Chile, Peru, Argentina and beyond, connecting directly to domestic infrastructure. That matters because these markets do not behave like one region with one playbook: each has its own regulator, banking system, settlement logic and consumer behavior at checkout.
3. OKTO says its platform processes instant payments for more than 40 international and local merchants at a total processed volume run rate of €17bn+ annually. Its footprint spans eCommerce, iGaming, FX and trading, digital content and the creator economy — exactly the kind of vertical mix where local compliance and payout speed are not nice-to-haves, but operating requirements.
4. For PXP merchants, the partnership is not just about acceptance. The stack includes instant pay-ins and payouts on domestic rails, local card processing, advanced treasury and liquidity management, and settlement in a single layer. In practice, that is the difference between “we support LatAm” and actually being able to run it.
5. For OKTO, the deal opens distribution into PXP’s enterprise merchant portfolio across retail, travel and hospitality, gaming and other digital commerce sectors. Andre Boesing, General Manager South LatAm at OKTO PAYMENTS, said the company has built local banking relationships, local depth and compliance capability in each market it operates, and that PXP’s merchants get that combined with product depth built in-house.

PXP and OKTO are both pitching the same thing in different language: local market access without forcing merchants to stitch together separate providers for acceptance, payouts, treasury and settlement. For high-risk operators in LatAm, that combination is usually the whole story.