Thredd has partnered with Payblr, a payments provider based in Puerto Rico and licensed as a BIN sponsor, to support international fintechs looking to launch and scale across Latin America and the Caribbean (LAC).
The collaboration seeks to streamline regional expansion by integrating Thredd’s global processing infrastructure with Payblr’s local regulatory and issuing expertise.
Modular API-first framework for card issuance
This partnership provides a flexible, API-driven framework for card issuance that addresses the key challenges faced by non-local fintechs entering LAC markets, such as varying regulations, lengthy onboarding processes, and cross-border compliance issues.
Latin America: A High-Growth Fintech Landscape
Latin America has become one of the most promising fintech regions worldwide, driven by robust digital adoption, a rapidly growing mobile-first population, and increasing demand for affordable financial services. However, as over 70% of adults in the region remain unbanked or underbanked, there is significant room for innovation.
Despite its growth potential, the region presents several structural challenges to international fintechs. Regulatory frameworks vary significantly between jurisdictions, banking systems are often fragmented, and currency exchange controls are common. For companies aiming to scale quickly across multiple markets, the lack of a unified infrastructure can pose substantial obstacles.
By combining Thredd’s scalable global processing platform with Payblr’s regional issuing capabilities, including support for USD-denominated card programs, this partnership offers a comprehensive solution for fintechs launching products such as gig economy payouts, cross-border disbursements, and digital wallets. Programs can be activated more efficiently without sacrificing compliance or operational resilience.
Regional Infrastructure Alliances
This collaboration marks a broader trend in the payments industry towards cross-border partnerships that balance speed, scalability, and regulatory adherence. As fintechs expand into underserved and complex regions, alliances between global processors and local enablers are becoming increasingly integral to market entry strategies.
According to Thredd, its clients have already begun leveraging this new infrastructure to launch in multiple Latin American markets. The partnership is anticipated to accelerate broader adoption and enable faster deployment of a new wave of financial services in the region.
