Kushki becomes first next-gen payment acquirer in LatAm, giving PSPs ‘more control’
Kushki, a unicorn payments technology company connecting Latin America through payments, has become the first next-generation merchant acquirer in the region; following primary membership with Visa and Mastercard in Mexico, Chile, Peru and Colombia. Before this development, merchants and payment companies in Latin America had to depend on one or more local acquirer processors per country which usually operated as monopolies established in the 1990s. Seven years since its founding, local regulators in the named countries have approved the company, making it the first non-bank entity to receive approval to operate as a merchant acquirer.