PMI America
Democratizing Convenient Mobile Payments

Payments and money transfer have always been an integral part of any economy. However, what has changed— especially in the wake of the pandemic—is the population’s preferred mode of payment. The rise in the number of remote workers alongside an ever-growing gig economy, coupled with the spiraling popularity of mobile payments, has made it imperative for payments to be flexible, secure, and instantaneous. Only then would it further facilitate the growth of any economy. For rapidly developing regions such as Mexico and Latin America, routing digital payments via foreign payment enablers has been a costly affair. On that note, it has become more crucial to drive up digital payment adoption within the population still oblivious to the digital world. To achieve this, user-friendliness and convenience ought to be the name of the game.

To this end, Mexico-based PMI Americas positions itself as a comprehensive and hassle-free, pro-mobile payment solution provider that renders convenient payments for local and cross-country transactions. The company brings to the table a fully cloud-based proprietary platform, accessible through a single direct API, which provides rapid, reliable, and convenient support for pay-in and payout transactions, including cross-border and local-to-local payments. PMI currently holds operations across the Americas and the EU, offering global merchants a full-service portfolio of payment processing services while guaranteeing them the best payments routes for their e-commerce transactions.

The company’s state-of-the-art payment platform is linked to leading financial institutions in multiple countries and allows the best acceptance rates while minimizing fraud and other cross-border risks. PMI is therefore, a go-to channel for disbursements or payouts for global players paying suppliers or remote workers. Furthermore, PMI Americas’ white label card issuing program expands the value of global brands while going beyond the feat of just connecting these B2B dots. In fact, the company also goes much deeper into a B2B2C mode with its “hyperlocal” strategy, which entails add-on services offered to its global customers who can enjoy the ability to cross-sell value-added services to their increasing number of prospective customers within a very specific targeted geographical area. One way to leverage this is via the company’s provisions for e-wallet activations with which users can access the said portfolio of value-added services. From a pay-in standpoint, PMI Americas facilitates bank, card and good-old cash payments and collections.

Energized by e-commerce's momentum as global merchants expand aggressively throughout the region, PMI has established direct local presences in multiple countries, including Mexico, Colombia, Peru, Chile, Argentina, Brazil and the UK, to service its growing customer base.

With smart routing, we’ll help you route transactions to channels that are most likely to approve them to avoid declines

“Our platform has been designed to make it simple for our merchants to add payment methods, products, and new markets in an expeditious manner, all through a single point of integration and one contract,” says Alex Pereira, Founder and CEO at the company. Merchants can easily collect and sort great volumes of data in a simple yet powerful way, allowing them to interpret massive amounts of data. With PMI Americas' mobile SDKs, payment gateways can also be embedded into mobile apps.

PMI Americas’ platform assures scalability through continuous review of their partner's market expansion needs. And it adheres fully to local compliance, regulatory and tax frameworks. The platform is also capable of continuously monitoring fraud risks, backed by the company's commitment to the utmost security for end-users. As described by PMI’s CIO/CTO Jaime Gonzalez, PMI's architecture built-in features facilitate recurring payouts, validation, reconciliation and settlement, plus identity verification, AML and fraud protection. All beneficiary and transaction user data is encrypted, which provides deep anti-fraud user monitoring, device fingerprinting, and user scoring.

The platform’s API prowess also features intuitive data management tools to help merchants in full light over the data from various channels. They can set customizable fees for each individual payment based on the channels and payment methods. “With smart routing, we’ll help you route transactions to channels that are most likely to approve them to avoid declines,” added COO Gaston Pereira.

To exemplify the value proposition of PMI Americas, Alex Pereira shares a customer success story. He talks about a global payment service provider that facilitates collections for global online merchants in the multiple countries that their goods are sold. "Since online merchants typically do not have a local entity, nor a local bank account, our customer relies on PMI Americas to sweep these virtual accounts and make the cross-border transfers to the bank accounts,” he mentions. As a direct, or indirect member of regional clearinghouse networks, PMI Americas can make these collections on a least-cost basis while offering clients real-time visibility of transactions, balances and transfer status through its API.

Scripting many such success stories, looking ahead, PMI Americas' aims to broaden the scope of its offerings. Moving beyond LATAM and EU, the company eyes APAC expansion in 2022 and ultimately attain global coverage in 2023.