Colombian fintechs Payments Way and Milio launch cross-border payments platform for the US and Latin America

Payments Way and Milio have launched Dagurpay, a platform built to move money between the United States and Latin America without forcing companies to stitch together USD accounts, FX, compliance, collection, and payout infrastructure market by market. For PSPs and high-risk merchants, the useful part is simple: this is another attempt to remove the operational friction that makes cross-border settlement slow, expensive, and regulator-heavy.

1. Dagurpay is a new company created by the Colombian fintechs Payments Way and Milio. Its focus is cross-border payments between the United States and Latin America, with a pitch aimed at companies, financial institutions, and fintechs that need to collect, send, or disburse funds in dollars without building their own infrastructure in every market.
2. The timing matches a large enough market to matter. According to figures cited by the company, Latin American cross-border payments generated more than US$30.600 million during 2025 and are projected to exceed US$52.400 million by 2033, driven mainly by B2B activity. That is the kind of corridor volume that attracts PSPs, but also the kind that gets messy fast when local settlement, compliance, and FX have to be handled one country at a time.
3. The problem Dagurpay is trying to attack is familiar: a cross-border transfer of just US$250 can cost up to 30% in fees, according to Mastercard and the consultancy PCMI. On top of that, businesses still have to deal with the difficulty of opening dollar accounts, meeting regulatory requirements, and managing currency exchange, all of which push operating costs higher.
4. Dagurpay says its platform will bundle functions that are usually handled separately. Those include opening USD accounts for businesses, FX (foreign exchange), regulatory compliance, collection, and payouts, plus the ability to operate with traditional currencies and stablecoins such as USDT and USDC. In practice, that puts it squarely in the infrastructure layer that PSPs and cross-border operators tend to spend a lot of time rebuilding themselves.
5. The company said the solution is aimed mainly at fintechs, banks, cooperatives, remittance companies, B2B businesses, and other companies that need to move funds between countries. Giovanni Vellojin Spataro, cofounder of Dagurpay, said the project grew out of years of operating payments in the region and of seeing companies run into infrastructure that was not designed for international money movement.