KamiPay is a payment processing application that enables Argentine merchants to accept payments in Brazilian reais via the PIX system, facilitating immediate transactions without commissions. This solution addresses the challenge of high fees and delayed payment processing for businesses serving Brazilian customers, allowing them to receive digital dollars or pesos instantly.
Funding
Funding not disclosed
Founders
Product
Problem
Argentine merchants face challenges when accepting payments from Brazilian customers due to high commission fees and delayed processing times associated with traditional payment methods. This can reduce profit margins and create friction for Brazilian customers accustomed to instant payment options.
Solution
KamiPay is a payment solution that enables Argentine businesses to accept payments from Brazilian customers via PIX, Brazil's instant payment system. The platform allows merchants to receive payments in digital dollars or pesos, providing immediate access to funds without commission fees. By integrating with PIX, KamiPay offers Brazilian customers a familiar and trusted payment experience, similar to Mercado Pago, which can lead to increased sales and customer satisfaction. The platform facilitates cross-border transactions by handling currency conversions and ensuring instant payment settlements.
Target Audience
KamiPay primarily targets Argentine merchants, particularly those in tourist areas, who serve Brazilian customers and seek a cost-effective, instant payment solution.
Features
- Enables Argentine merchants to accept payments in Brazilian Reais via PIX.
- Provides instant payment settlement in digital dollars or pesos.
- Eliminates commission fees and membership costs for merchants.
- Offers a familiar payment experience for Brazilian customers.
- Facilitates advance payments with remote payment links.
- Provides integration with Bistrosoft for restaurants.
- Offers Pay-In and Pay-Out APIs for cross-border commerce.