Xendit, an Indonesian fintech firm specialising in digital payments infrastructure, plans to expand into Mexico and Colombia by the end of 2025, followed by Chile, Argentina, and Brazil in 2026.

The company will compete with regional players such as Uruguay’s Dlocal and Brazil’s EBANX in Latin America’s fragmented payments market.

According to Bloomberg, Xendit aims to simplify cross-border payments for international businesses by providing a single API that supports multiple payment methods and operates across different countries.

The firm’s expansion comes as Latin America contends with regulatory fragmentation and stricter anti-money laundering measures, which have resulted in tighter banking controls on cross-border transactions.

Xendit also plans to begin operations in the US and Australia in the second quarter of 2026.

The company currently processes more than US$70 billion in payments annually across seven Asian markets, serving clients such as Meta, Starbucks, Samsung, TikTok, and Shopee.

Featured image credit: Edited by Fintech News Indonesia, based on image by freepik