Xp Latam [sup 23]

What Xp Latam [sup 23] does

XP LATAM is a financial inclusion and digital commerce platform headquartered in Viña del Mar, Chile, serving base-of-pyramid merchants across Latin America who lack access to traditional banking services. The company's core product is a digital QR catalog and payment collection platform that enables unbanked users to pay through phone bill charging, removing the need for a bank account or business registration. The platform is positioned for rapid self-serve adoption with a 5-minute activation flow, targeting informal and small merchants who are typically excluded from conventional POS and e-commerce infrastructure.

The platform operates on a subscription-based model with fixed monthly fees charged to phone bills or debit cards, and imposes no commissions on sales or delivery. This pricing structure is a deliberate contrast to traditional payment processors and is designed to suit merchants with thin margins. XP LATAM is part of the Elun ecosystem and integrates with major payment and messaging infrastructure including Mercado Pago, Transbank (Webpay/Link de Pago), WhatsApp Business, ChilePay, and Redpay, enabling a multi-rail payment and commerce experience.

Strategic partnerships with Startup Chile, CORFO PYMES (Chilean SME digitalization program), Cámara de Comercio de Santiago, and Fundación Telefónica provide institutional distribution and validation, supporting the company's regional expansion mandate focused on financial inclusion in LATAM.

Name

Xp Latam [sup 23]

Legal name

XP LATAM

Website

https://xplatam.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Short description

XP LATAM is a Viña del Mar-based digital commerce and financial inclusion platform serving base-of-pyramid merchants across LATAM with a QR catalog and payment collection tool, enabling phone bill charging for unbanked users via a fixed-fee subscription model.

Ownership category

akta.pro rank

Product category

Digital Payment Platform

akta.pro primary industry

QR Code & Alternative In-Store Acceptance (QR, APMs) (FSAMADAH)

akta.pro secondary industries

QR Code Payments Wallets (FSAMAEAC), Alternative Payments & Digital Wallet Acceptance (A2A, RTP, wallets) (THALAHAH)

Keywords

• Digital payment platform
• QR catalog software
• Mobile commerce
• Financial inclusion tools
• Merchant payment solutions

Headquarters

HQ city

Concón

HQ country

Chile

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Monthly Subscription - Phone Bill Charge: Fixed monthly subscription fee charged to the customer's phone account or debit card. No commissions or additional charges for sales, delivery services, or payment processing.
2. Fixed Fee - Debit Card: Alternative subscription option with fixed monthly charge applied to debit card for service access.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

XP LATAM is a digital QR catalog and payment collection platform that enables informal and small merchants in Latin America to showcase products and accept digital payments via bank transfers, QR codes, or phone-bill charges. The service requires no business registration, no bank account, and no credit card, and is sold as a fixed monthly subscription billed to the user's phone account or debit card with no per-transaction or delivery commissions.

Product overview

XP LATAM is a unified digital catalog and payment collection platform built for financial inclusion in Latin America. The core offering is the XP LATAM Catálogo Digital QR, which lets merchants display a QR code to receive bank transfer payments without commissions, create a web or PDF catalog of their products and services, and manage delivery, pickup, or shipment options. The platform operates on a fixed monthly charge to the user's telephone bill or debit card, requiring no prior business registration or bank account. Individual sub-products — the digital QR catalog, the web/PDF catalog, and the delivery/pickup management module — all function as integrated components of the single XP LATAM platform.

Differentiator

Problem solved

Functional benefit

Products and services

• XP LATAM (Catálogo Digital QR) Unified digital catalog and payment collection platform that lets merchants display a QR code to receive bank transfer payments (own or third-party account) without commissions, create a web or PDF catalog of products and services, and manage delivery, pickup, or shipping options. Activated online in 5 minutes with no business registration or bank account required, and billed via a fixed monthly charge to the customer's phone bill or debit card.

Quantifiable outcome

• Activation in 5 minutes without any requirements
• +2 more outcomes

Segments2 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature4 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Startup ChilecoreStrategic or Co-development PartnerStrategic ecosystem partner providing startup support and credibility. XP LATAM is part of the Startup Chile ecosystem, gaining access to mentorship, network, and regional startup community resources.
• ChilePaycoreTechnology or IntegrationPayment infrastructure partner enabling payment processing capabilities for the XP LATAM platform in Chile.
• PYMES EN LÍNEA - CORFOcoreStrategic or Co-development PartnerAlliance with CORFO's SME digitalization program, enabling XP LATAM to reach small and medium businesses through government-backed digital transformation initiatives.
• EluncoreStrategic or Co-development PartnerParent company or sister brand relationship. XP LATAM operates as part of the Elun ecosystem focused on financial and digital inclusion.
• Cámara de Comercio de SantiagominorStrategic or Co-development PartnerPartnership with Santiago Chamber of Commerce providing credibility and access to merchant network in Chile.
• Fundación TelefónicaminorStrategic or Co-development PartnerPartnership with Fundación Telefónica supporting digital inclusion initiatives and potentially phone bill charging capabilities.
• Mercado PagocoreTechnology or IntegrationIntegration partner allowing XP LATAM merchants to link Mercado Pago accounts and payment links to their digital catalogs.
• WhatsApp BusinesscoreTechnology or IntegrationIntegration partner enabling merchants to communicate with customers via WhatsApp for order management and customer service.
• Transbank (Link de Pago)coreTechnology or IntegrationPayment gateway integration for processing card payments through Transbank's Link de Pago solution.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• dLocal: Cross-border payment platform connecting global merchants to LATAM emerging markets. Operates upstream of XP LATAM's payment routing but competes for the same end-merchant payments volume across the region.
• Ualá: Latin American fintech serving underbanked consumers and SMBs with digital wallets, cards, and merchant payment tools. Targets the same financial inclusion thesis as XP LATAM but at a multi-country consumer scale.
• Mercado Pago: The dominant LATAM digital payments platform, owned by Mercado Libre. Serves SMBs and consumers with QR payments, point-of-sale, and credit products across the region — directly overlapping XP LATAM's merchant payment acceptance use case but with vastly greater scale and capital.
• Transbank: Chile's largest card payment processor and acquirer. Already a key infrastructure partner for XP LATAM via Link de Pago, it competes for the same Chilean SMB payment acceptance market with broader card processing capabilities.

Direct peers

• Clip: Mexico-based POS and payment acceptance platform targeting SMBs and informal merchants across LATAM. Closely comparable business model — mobile-first payment acceptance for unbanked or underbanked small merchants.
• Kushki: LATAM payment infrastructure and orchestration platform operating across multiple countries. Targets merchants with digital payment acceptance and embedded finance — overlapping with XP LATAM's payment and integration layer.
• Payvalida: Colombia-based alternative payment and digital wallet platform serving merchants and consumers in LATAM. Comparable focus on digital payment acceptance for SMBs and unbanked segments across the region.
• Bold: Colombia-based payment acceptance platform serving SMBs with POS terminals and digital payment tools. Comparable target customer (small, often informal merchants) and similar LATAM market dynamics.
• Conekta: Mexico-based online payment processor and acceptance platform for SMBs and digital merchants. Comparable product focus on simplifying digital payment acceptance for small businesses in LATAM.

Regional players

• Niubiz: Peru's leading payment processor (formerly Visanet). Serves SMBs with digital and card payment acceptance — comparable merchant-facing payments product but primarily operating in Peru rather than Chile-centric like XP LATAM.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/xp-latam

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Xp Latam [sup 23]