Online payment solution provider Astropay is making its Payment Links service available within more Latin American countries, following its launch in Brazil in December 2021.
Payment Links is AstroPay’s newest capability, designed for small and medium sized enterprises (SMEs) to enable business owners to collect online and remote payments by sharing the link with their customer and gettng paid instantly in an easy and secure way.
The small and medium sized enterprises in Latin America is a priority market for AstroPay. In Colombia, the creation of SMEs in 2021 has grown by 10.6 per cent compared to 2020, from 276,891 to 306,140. SMEs in Chile account for 65.3 per cent of the total number of formal jobs. SMEs also represent 99 per cent of businesses in Mexico and 99.5 per cent of the total number of formal enterprises in the Peruvian economy.
Mikael Lijtenstein, CEO of AstroPay, said: “Many micro and small businesses could not reach the volume threshold required to make accepting credit card payments a financial feasibility, so they need online payment options that not only open up a world of new revenue streams and opportunities, but make it possible to compete with the big companies. Payment Links are cost-effective and offer flexibility and ease of operations for these businesses.
“With AstroPay’s Payment Links capability, micro and small business owners are able to offer their customers a quick, easy, and convenient way to pay, and it’s affordable to accept payments.”
Payment Links enables business owners to make payments using just their mobile number, paying directly with the link they receive. Business owners can also create a link by registering and able to share it with their customers via email or any other electronic means of communication, and customers can pay with an array of local payment methods in their local currency or American dollars.