With a shared vision of fostering both mobility and financial inclusion within the Latin American region, Uruguayan fintech firm Bamboo Payment has unveiled a strategic partnership with ride-hailing platform InDrive.
This collaboration aims to enhance the user experience by offering swift and efficient payment solutions to InDrive customers throughout its key Latin American markets including Argentina, Peru, and Chile.
Bamboo Payment specializes in streamlining international online payments for businesses, addressing challenges related to intricate cross-border settlements and excessive transaction fees. The company's comprehensive approach incorporates diverse payment methods and robust fraud prevention measures for merchants operating in Latin America.
On the other hand, InDrive has rapidly emerged as one of the fastest-growing mobility applications, boasting an impressive user base of more than 100 million users across 45 countries.
The deal could drive InDrive's impressive growth even further by ensuring seamless online payment accessibility for all its ride-hailing users.