🤝 Russians 🇷🇺 and Chileans 🇨🇱: a promising partnership

🤝 Russians 🇷🇺 and Chileans 🇨🇱: a promising partnership

Chilean acquiring network Klap will begin processing Visa and Mastercard payments in Chile using technology from Russian-Swiss fintech BPC.

➡️ Who's who❓

👉 Banking Payments Context (BPC) is a company founded in 2012 based on SmartVista software, specializing in payment processing under the SaaS model. Their services and products are highly scalable for different use cases, with offices in 22 countries. In Latin America, they operate in Mexico 🇲🇽, Ecuador 🇪🇨, and Colombia 🇨🇴, in addition to Chile.

👉 Klap is a fintech with 17 years of experience, backed by the Central Bank of Chile and the CMF. It serves nearly 30,000 clients and processes around 3 million transactions daily.

➡️ By adopting BPC’s SmartVista cloud platform, Klap fully transitioned to the SaaS model, enabling it to process large transaction volumes with flexibility and meeting high security standards.

➡️ The solution supports Visa and Mastercard transactions and is designed to scale and integrate with other networks such as American Express, Maestro, and India's UPI 🇮🇳 system.

➡️ Additionally, Klap is implementing the SmartVista Merchant Management and Acquiring modules, facilitating product configuration and simplifying reconciliation processes, improving operational visibility and efficiency for Klap and its partner merchants in Chile.

➡️ Other benefits: real-time analytics, customized commission structures, optimized settlement cycles, and service deployment through APIs.

➡️ Context: this technological modernization is part of the Chile Digital 2035 national strategy, aiming to reduce the digital gap and promote inclusion through a robust and reliable payment infrastructure.

#news #chile #ecuador #mexico #colombia #russia

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