Fintoc is an account-to-account payments platform focused on enabling seamless money transfers in Mexico and Chile. Fintoc provides fintech infrastructure that allows businesses and developers to integrate direct bank payments, bypassing traditional card networks and reducing transaction costs.
Fintoc's technology is designed for the Latin American market, where open banking and instant payment adoption are accelerating. Their APIs empower SaaS platforms, e-commerce merchants, and other businesses to offer customers a quick, secure way to pay directly from their bank account.
The technology that enables Fintoc
Fintoc leverages open banking protocols and real-time payment rails to facilitate secure, direct transfers between customer and merchant bank accounts. By connecting with banks in Mexico and Chile, Fintoc allows businesses to:
- Initiate payments directly from users' accounts (A2A payments)
- Reconcile transactions automatically
- Lower payment processing fees compared to cards
- Reduce fraud risk by eliminating card data entry
Their developer-friendly APIs are a core part of their value proposition, making it easy for platforms to embed account-to-account payment options at checkout or within digital products.
Who uses Fintoc?
Fintoc primarily serves businesses in the fintech, e-commerce, SaaS, and developer tools sectors across Latin America. Typical users include:
- Online retailers seeking lower-cost payment acceptance
- SaaS platforms integrating embedded finance features
- Fintech startups building products for regional consumers
- Enterprise clients looking to streamline collections and payouts
The company operates out of Santiago, Chile, with a team of around 60 people and serves customers throughout Mexico and Chile.
Who are Fintoc's competitors?
Fintoc operates in the growing Latin American payments infrastructure space, competing with both global and regional players. Key competitors and alternatives include:
- Stripe: A global payments leader offering A2A payment capabilities, with a broad suite of payment tools and APIs.
- Belvo: Focuses on open banking APIs and financial data aggregation, including account-to-account payments in Latin America.
- J.P. Morgan: A major bank expanding payment infrastructure offerings across Latin America, including real-time and A2A payments.
Fintoc differentiates itself through its local market focus, regulatory expertise, and developer-centric product design tailored to the specific needs of Mexican and Chilean businesses.
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