Emigro provides a digital wallet for international travelers, enabling seamless point-of-sale payments using local digital payment methods like Pix and Mercado Pago. The platform eliminates currency exchange by allowing users to pay via QR codes or local banking apps, supporting fiat-pegged stablecoins for convenient cross-border transactions.
Funding
Funding not disclosed
Founders
Product
Problem
International travelers face challenges with currency exchange and the acceptance of traditional payment methods, complicating cross-border transactions. This often necessitates carrying cash or relying on limited credit card acceptance, leading to inconvenience and potential security risks.
Solution
Emigro offers a digital wallet designed for international travelers, facilitating seamless point-of-sale payments using local digital payment methods. The platform eliminates the need for currency exchange by enabling users to pay directly via QR codes at terminals or through local banking applications. Emigro supports fiat-pegged stablecoins and is expanding its network to include popular payment systems across Latin America, such as Pix in Brazil and Mercado Pago in Argentina and Chile. Users can preload their accounts from bank accounts or Apple Pay, ensuring funds are available for transactions.
Target Audience
The primary users are international travelers and digital nomads who require convenient and widely accepted payment solutions when crossing borders.
Features
- Digital wallet for international travelers supporting cross-border payments.
- QR code scanning functionality for point-of-sale transactions.
- Integration with local digital payment methods, including Pix (Brazil) and Mercado Pago (Argentina, Chile).
- Support for fiat-pegged stablecoins.
- Mobile application available on Apple App Store and Google Play Store.
- User identity verification via a Know Your Customer (KYC) process.
- Account preloading via bank transfers and Apple Pay.
- Self-custody wallet architecture.