PXP and OKTO PAYMENTS Strike Alliance to Enhance Local Payments in Latin America

PXP and OKTO PAYMENTS have formed a strategic alliance to broaden access to local payment methods and treasury services in Latin America, as announced by both companies on October 1, 2026. The integration will allow merchants connected to PXP to operate with a single technical connection while OKTO provides its infrastructure and banking relationships in markets such as Brazil, Mexico, Colombia, Chile, Peru, and Argentina.

PXP OKTO PAYMENTS Alliance: Scope in Latin America

The alliance connects PXP's global payment orchestration platform with OKTO PAYMENTS' payment services provider. PXP currently processes over €35 billion annually and offers a single connection for online, mobile, and in-person commerce operations, combining acquiring capabilities with various alternative payment methods. OKTO PAYMENTS processes more than €17 billion globally each year and serves more than 40 international and local merchants.

Both companies stated that the alliance extends PXP's offerings in a region where the diversity of banking systems, regulatory frameworks, and payment preferences demands developed local infrastructure on a market-by-market basis. OKTO operates directly in Brazil, Mexico, Colombia, Chile, Peru, and Argentina, having established banking relationships and compliance capabilities specific to each country.

Local Payments in Latin America and Treasury Management

The integration is not limited to payment acceptance. It will facilitate the management of both incoming and outgoing instant transactions through local channels, card processing, treasury, liquidity, and fund settlement. Merchants connected to PXP will be able to access local methods, deposits, and instant payments via the single integration, along with treasury and liquidity management tools linked to national financial infrastructures.

The technical architecture planned by PXP and OKTO combines PXP's centralized orchestration with OKTO's local infrastructure, which includes:

• connectivity to local banking entities established by OKTO in each market,

• national settlement systems and instant payment channels where available,

• regulatory compliance capabilities tailored market by market.

Why Local Infrastructure Matters for iGaming and Digital Commerce

OKTO serves sectors including e-commerce, iGaming, currency exchange services, trading, digital content, and creator economy. The company emphasizes that its infrastructure caters to the specificities of each market: relationships with local banking entities, settlement systems, and compliance requirements.

For merchants in verticals with high liquidity and reconciliation needs, the joint offering promises to reduce operational complexity by centralizing:

1. the acceptance of multiple local payment methods via a single technical connection,

2. management of instant incoming and outgoing transactions,

3. visibility over liquidity and fund settlement across jurisdictions.

What Each Party Gains and the Operational Impact

PXP expands its regional coverage without having to deploy all the local infrastructure by itself; OKTO grows its merchant base through PXP's connectivity. For merchants, this means integrating a single API or connection to access the combined network.

Operationally, the key lies in OKTO's ability to offer local presence —bank accounts, gateways, and compliance— in Brazil, Mexico, Colombia, Chile, Peru, and Argentina, along with PXP's scale: €35 billion processed annually serves as a commercial argument for onboarding large merchants.

Regulatory and Compliance Implications

The market-by-market implementation includes adapting to local regulatory frameworks and compliance requirements. OKTO assures that it has established specific compliance capabilities in each market where it operates. PXP, for its part, provides the orchestration layer that standardizes the technical connection between merchants and the various channels enabled by OKTO.

What Merchants and Providers Should Prepare

Merchants already using PXP will need to plan the technical migration to leverage OKTO's local channels: verifying integration requirements, coordinating treasury management between entities, and adjusting reconciliation processes for instant payments and disbursements. For platforms and payment providers, the alliance underscores the ongoing demand for solutions that combine global orchestration with local execution.

Conclusion

The union of PXP and OKTO PAYMENTS is an operational response to the fragmentation of payments in Latin America. It offers merchants the opportunity to operate with a single technical integration while relying on OKTO's local infrastructure in Brazil, Mexico, Colombia, Chile, Peru, and Argentina.