Huge Indian payments industry attracts Ebanx with IPO in sight

by MMC
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Brazilian payment company Ebanx Ltdawhich operates in 16 countries across Latin America and Africa, will begin operations in India by the end of the year as part of its global expansion into developing countries.

Ebanx, which counts Advent International LP and FTV Capital among its backers, will soon allow merchants around the world to process payments through its platform, including India’s growing one. Unified payment interfaceBloomberg Terminal in one of its biggest bets yet on major emerging markets.

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