How Openpay works, the fintech that facilitates online payments and offers numerous discounts and promotions

Openpaythe most complete payment processing platform in Latin America, presents solutions for online collections, Checkout API and Plugin integration in WooCommerce storespositioning itself as a strategic ally to promote online collection solutions with the support of BBVA.

A pioneer in digital payment developments, Openpay was born in Mexico and began its activity in 2013 in the city of Querétaro, as a “challenger” startup. Subsequently, the fintech expanded its operations to Peru, Colombia and Argentina, where it celebrates two years of presence.

Currently, it offers different alternatives so that businesses can incorporate electronic payments into their daily lives. It is a fast, secure solution and in its collection app product, it has all the ways to collect in one place, both for face-to-face and online sales.

Coinciding with his second anniversary in the country, Openpay presents its solutions for online payments, offering entrepreneurs who have online stores the possibility of accepting payments with all debit, credit and prepaid cards.

At the same time, they will be able to provide financing in installments and exclusive promotions, in addition to the program Simple Feethus enhancing its business, having a competitive advantage and providing consumers with different purchasing facilities.

Another important point is that Businesses will be able to choose the accreditation period that best suits their needs, paying commissions according to the time period.

“This online collection solution opens the game to larger companies. Until now, the only way our clients had to collect was through an app. Now, with online collections we expand our universe. There may be SMEs that have their website and that can integrate that collection solution”, comment Juan OrmaecheaCountry Manager of Openpay Argentina

Thanks to Openpay’s value proposition, Businesses have the possibility of offering exclusive discounts and interest-free installments, boosting their sales and effectively building customer loyalty, with the support of BBVA, one of the leading banks in the payment ecosystem.

In this regard, Ormaechea He assures that “they add condiments and tools to each collection solution so that these businesses sell more.” “This is mainly in the promotions, in the interest-free installments, which is what the consumer is ultimately looking for when choosing a business,” mentions.

Openpay mainly targets merchants either independent professionalswhere commercial activity is their main source of income, such as an online product store, a small physical business or an independent professional.

Also to companieswhich are usually SMEs with commercial activity that, due to the dynamics of their business, find it more attractive to have collection solutions with 100% variable cost and flexibility in terms of payment terms.

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Another of its differentials is Opencontrolan intelligent system for preventing fraud in your transactions that allows you to optimize processes and provide confidence to the business and the end user.

In his two years operating in Argentina, Openpay consolidated its position in the market, with a 37% year-on-year growth in active users and a 34% increase in transaction volume, demonstrating its commitment to offering collections solutions that help businesses sell more and better.

“In this second year, we have launched new products and functionalities, such as online payment solutions Checkout Api and Plugin for WooCommerce, 100% virtual Onboarding, immediate accreditation, among others, thus expanding our value offering and consolidating ourselves as a benchmark in the sector”, graph Juan OrmaecheaCountry Manager of Openpay Argentina.