Pago 46
Pago 46 is a Latin American cash-payment network that enables online merchants to accept cash from unbanked consumers through a mobile app, API, and a network of independent SOCIO46 collection agents across 7 countries.
- Company typePrivate
- Founded2015
- HeadquartersSantiago, Chile
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Pago 46 does
Pago 46 (legal parent P46 Technologies Inc., US-incorporated) is a digital cash-payment network that enables online merchants to accept cash from unbanked and underbanked consumers in Latin America. Founded in 2015, the company operates across 7 countries — Argentina, Chile, Ecuador, Mexico, Panama, Peru, and Guatemala — through wholly-owned local subsidiaries (e.g., Pago46 S.A.S. in Argentina, Pago46 Chile SPA, Pago46 S.A. de C.V. in Mexico, Pago 46 Peru S.A.C., Pago46 GT S.A.). The platform's stated purpose is financial inclusion, positioning itself as "Hecho en Latinoamérica" (Made in Latin America).
The product portfolio comprises four integrated components: (1) a mobile application (iOS/Android) for end-users and agents, (2) the Botón de Pago — an embeddable payment button and REST API (API P46) for merchant integration via websites, apps, chat, and social channels, (3) the SOCIO46 agent network of independent fixed and mobile cash-collection points, and (4) associated payment-network partnerships (Redes Asociadas) that allow users to pay at third-party retail terminals with a single QR code. Transactions are confirmed via QR-code scanning with real-time email notification. In 2021 the company received BCRA approval (Communication A-7153) for Transferencias 3.0, enabling instant interoperable QR payments across Argentina's banking system under ISO 20022. Data is hosted on Google Cloud with stated compliance to GDPR, Argentina Disposición 60-E/2016, and Chile Law 21.719.
Pago 46 monetizes via transaction fees (take rate) on cash payments processed through its network, with SOCIO46 agents receiving a percentage of each transaction. Pricing is custom/contact-sales and not publicly disclosed. Named enterprise customers include Uber, Netflix, Rappi, Movistar, Glovo, PedidosYa, Beat, and Virgin Mobile, alongside a long tail of SMB merchants and individual consumers. The company is privately held under P46 Technologies Inc., has 11–50 employees, and has raised approximately $4 million in disclosed funding across rounds from Alaya Capital, Scale Capital, IDB Lab, Plug and Play, and EvoNexus. CEO Garland Wong (also co-founder) leads the company.
Pago 46 firmographics
Firmographics- Name
- Pago 46
- Legal name
- P46 Technologies Inc.
- Website
- https://pago46.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Pago 46 is a Latin American cash-payment network that enables online merchants to accept cash from unbanked consumers through a mobile app, API, and a network of independent SOCIO46 collection agents across 7 countries.
- Ownership category
- akta.pro rank
Pago 46 industry classification
Industry- Product category
- Digital Payments / Cash Collection Network
- akta.pro primary industry
- Cash-to-Digital Networks (PayNearMe, Barcode/Cash-in) (MPAEALAF)
Keywords
Where Pago 46 is headquartered
LocationHeadquarters
- HQ city
- Santiago
- HQ country
- Chile
- HQ region
- Latin America
Offices6 records
Markets served
Pago 46 business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Supply Chain, Marketing or Sales, Infrastructure
Revenue model
- Cash Collection Transaction Fees: PAGO46 charges merchants a transaction fee for processing cash payments through its SOCIO46 network. SOCIOS46 receive a percentage of each transaction value as compensation for their collection services. The company acts as an intermediary between merchants, SOCIOS46, and users, facilitating the flow of cash payments into digital transactions.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Custom enterprise pricing for merchants requiring API integration and dedicated support |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels3 records
Pago 46 product offering
Product offeringCore offering
PAGO46 is a digital cash payment processing platform that enables online shoppers to pay for e-commerce purchases in cash through a network of independent SOCIO46 agents and associated payment networks across Latin America. The platform serves merchants with API integration, embedded payment buttons, and a mobile application, while consumers complete cash payments at physical collection points or via mobile agents using QR code-based transaction confirmation.
Product overview
PAGO46 is an integrated cash payment network for e-commerce across Latin America, consisting of a mobile application for consumers and agents, an embeddable payment button/SDK for merchants, and a network of independent cash collection points (SOCIOS46) and associated payment networks. The platform enables online purchases to be paid in cash at physical locations, serving both banked and unbanked populations. The product portfolio includes the PAGO46 mobile app, the Botón de Pago merchant integration tool, the SOCIO46 partner network (fixed and mobile agents), and access to associated retail payment networks across Argentina, Chile, Ecuador, Mexico, Panama, Peru, and Guatemala.
Differentiator
Problem solved
Functional benefit
Brands
- SOCIO46: A network of independent agents (individuals or businesses) who serve as cash collection points, enabling consumers to pay for online purchases in cash.
- Socios46
Products and services
- PAGO46 Mobile Application A mobile application available on iOS and Android that enables consumers to make online purchases and pay in cash at physical points or via SOCIO46 agents. Also used by SOCIO46 partners to receive and process cash payments.
- Botón de Pago (Payment Button) An embeddable payment button for merchant websites and apps that allows customers to pay online in cash. Supports redirect-based flow and iframe/webview embedding for seamless checkout integration.
- Red de SOCIOS46 (SOCIO46 Network) A collaborative network of independent agents (SOCIOS46) who act as cash collection points, offering both fixed-location and mobile/delivery payment collection services across Latin America.
- Redes Asociadas (Associated Networks) Partnership network of payment terminals and retail locations across Latin American countries where users can pay cash for online purchases using a single QR code.
- SOCIO46 Partner Program A partnership program enabling individuals and businesses to become payment collection points, earning commissions on each transaction processed while providing financial inclusion services to unbanked populations.
Quantifiable outcome
- 40% unbanked population in Latin America represents addressable market for cash payment solutions
- +1 more outcomes
Companies that use Pago 46
Customer profileNamed customers8 records
Segments4 records
Ideal customer profiles2 records
Pago 46 technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Pago 46 partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core.
- UbercoreUber drivers use PAGO46 to pay vehicle-related expenses, commissions, and fees in cash through the SOCIO46 network. This partnership enables ride-hailing drivers without bank accounts to participate in the platform.
- RappicoreRappi delivery partners pay platform fees and orders through PAGO46 cash collection, enabling unbanked couriers to participate in the delivery economy.
- NetflixcoreNetflix subscribers pay subscription fees in cash through PAGO46, expanding access to streaming services for unbanked populations in Latin America.
- MovistarcoreMovistar customers pay bills and service subscriptions in cash via PAGO46, enabling telecom payment access for unbanked populations.
- GlovocoreGlovo delivery partners use PAGO46 for cash payment settlements, allowing unbanked couriers to work on the platform.
- PedidosYacorePedidosYa enables cash payments for orders and partner settlements through PAGO46's SOCIO46 network.
- BeatcoreBeat ride-hailing drivers pay vehicle and platform costs in cash through PAGO46, enabling participation for unbanked drivers.
- Virgin MobilecoreVirgin Mobile customers pay mobile services in cash via PAGO46, expanding financial inclusion for telecom services.
Scale indicators3 records
Recent moves8 records
Expansion highlights5 records
Pago 46 competitors and assessment
Company assessmentDirect peers
- PayNearMe: US-based cash-to-digital payment network that enables online bill payment and e-commerce checkout via barcode/cash-in at retail agents. Operates the same core model as Pago 46 (distributed cash collection network for digital transactions) and is the closest architectural peer.
- SafetyPay: Cash payment network for e-commerce in Latin America, allowing consumers to pay for online purchases in cash at bank branches and retail agents. Direct competitor in the same cash-to-digital LatAm niche (now part of dLocal's portfolio).
- Rapyd: Global fintech-as-a-service platform that enables local payment methods, including cash payment networks, across emerging markets. Comparable business model of orchestrating cash and alternative payment methods for cross-border merchants.
- PayRetailers: LatAm-specialized payment solutions provider offering local payment methods including cash vouchers and bank transfers for cross-border e-commerce. Direct competitor in the same merchant cash-acceptance niche across the region.
- EBANX: Cross-border payment processor focused on Latin America, offering local payment methods (including cash/boleto-style flows) to global merchants. Comparable in serving global platforms needing LatAm payment method coverage.
Broad incumbents
- dLocal: LatAm-focused payment processing platform that helps global merchants accept local payment methods across emerging markets. Acquired SafetyPay, making it both an infrastructure peer and a direct competitor to Pago 46's cash payment product.
- MercadoPago: Dominant LatAm digital wallet and online payment processor, part of MercadoLibre. Offers cash payment options through its retail network and competes with Pago 46 for both merchant integrations and end-consumer payment occasions.
- Ualá: LatAm neobank expanding across Argentina, Mexico, and Colombia with a focus on financial inclusion for underbanked populations. Adjacent competitor for the unbanked/underbanked consumer segment Pago 46 targets, though via card/wallet rather than cash.
Regional players
- Clip: Mexico-focused payments and POS platform serving SMBs and on-demand economy workers. Comparable in addressing the unbanked/underbanked worker segment in LatAm with payment tools, though concentrated in Mexico and more POS-oriented.
Emerging players
- Konfío: Mexico-based digital financial services platform for SMBs, including payments and credit products. Operates in the broader LatAm fintech-inclusion space and serves overlapping merchant segments.
Market position
Competitive moat4 records
Customer concentration
Pago 46 social profiles
Digital presencePago 46 compliance and trust
Trust signalCompliance3 records
Pago 46 financial estimates
Financial estimateRevenue estimate
Valuation estimate
Pago 46 leadership team
Management profileNumber of profiles
Profiles2 records
Pago 46 subsidiaries and ownership
Company hierarchySubsidiaries6 records
Pago 46 funding detail
Funding detailFunding overview
Funding rounds5 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Pago 46 M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Pago 46
What does Pago 46 do?
PAGO46 is a digital cash payment processing platform that enables online shoppers to pay for e-commerce purchases in cash through a network of independent SOCIO46 agents and associated payment networks across Latin America. The platform serves merchants with API integration, embedded payment buttons, and a mobile application, while consumers complete cash payments at physical collection points or via mobile agents using QR code-based transaction confirmation.
Is Pago 46 a public or private company?
Pago 46 is a private company. It is classified as venture growth investor backed and is currently operating.
When was Pago 46 founded?
Pago 46 was founded in 2015. It employs 11 to 50 people.
Where is Pago 46 based?
Pago 46 is headquartered in Santiago, Chile, in the Latin America region.
How does Pago 46 make money?
One revenue line is on record: cash Collection Transaction Fees.
Who are Pago 46's main competitors?
Direct peers on record are PayNearMe, SafetyPay, Rapyd, PayRetailers and EBANX. Broad incumbents are dLocal, MercadoPago and Ualá. Clip is listed as a regional player. Konfío is listed as an emerging player.
Does Pago 46 have an API?
Yes. PAGO46 provides a developer API (API P46) that enables merchants to integrate payment functionality into their websites and applications. The API supports creating payment orders (cash-in orders), redirect-based payment flows, embedded payment buttons in iframes/webviews, and real-time transaction notifications. Merchants communicate via API to create orders and receive URLs for user redirection. Developer documentation is at docs.pago46.io.
What industry is Pago 46 in?
Pago 46's product category is Digital Payments / Cash Collection Network. Its primary akta.pro industry code is MPAEALAF, Cash-to-Digital Networks (PayNearMe, Barcode/Cash-in).