Depay
Depay provides a single API that lets banks and wallets across Latin America send and receive real-time cross-border payments via QR codes and transfers. The platform unifies access to instant payment rails, enabling users to pay internationally with funds from their existing accounts while Depay handles currency conversion and immediate settlement in local currency. It also lets acquirers and POS providers generate foreign QR codes like PIX, Bre-B, Yape, and Mercado Pago for international collections.
- Financial Technology
- Software Only
Funding
Funding not disclosed
Founders
Founder details are not available yet.
Product
Problem
Cross-border payments traditionally require multiple banking relationships, slow settlement times, and complex currency conversion processes. Banks and acquirers struggle to offer their customers seamless international payment experiences because each country's payment rail and QR standard requires its own integration.
Solution
Depay provides a single API that unifies access to instant payment rails, connecting Latin America with the rest of the world. Banks integrate once to let their users pay with QR or transfer internationally, using funds from their existing accounts without converting currency manually. Depay resolves the exchange rate and settlement immediately. For acquirers and POS providers, Depay generates foreign QR codes—such as PIX, Bre-B, Yape, and Mercado Pago—enabling merchants to accept payments from international wallets with a single integration. The platform also offers virtual accounts in USD and EUR for receiving ACH and SEPA transfers, with conversion and settlement in local currency. The platform makes cross-border payments feel local, with settlement in the local currency.
Target Audience
Primary customers are banks, acquirers, and POS providers across Latin America that need to offer their clients seamless international payment and collection capabilities.
Features
- Single API for both outgoing payments and incoming collections across international QR and transfer rails
- Real-time currency conversion and immediate settlement in local currency
- Support for generating foreign QR codes from major regional systems including PIX, Bre-B, Yape, and Mercado Pago
- Virtual accounts in USD and EUR for receiving ACH and SEPA transfers from the United States and Europe
- Unified access to instant payment rails connecting Latin America with global markets
- No need for users to change currency or open new accounts when transacting abroad