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MarketLatin America

Payments in Latin America: Pix, SPEI and instalments

Instant bank payments have reshaped Latin American checkout. Brazil's Pix lets customers pay with an alias or a QR code at any hour, and Mexico's SPEI moves pesos between banks in near real time, every day of the year.
Talk to sales Payment methods
Currencies
BRL · MXN
Key rails
Pix · SPEI
Availability
Confirmed at onboarding

Local payment ecosystem

How Latin America pays

Cards remain important, often with instalments, but account-to-account payments now carry a large share of everyday commerce. Pix made paying by QR code or alias normal in Brazil; in Mexico, SPEI underpins bank transfers. Local payment methods and local acquiring matter because cross-border card payments can face lower approval and higher cost.
  • Pix in Brazil since 2020
  • SPEI in Mexico, 24/7
  • QR and alias payments

Payment methods and rails

The rails behind everyday payments

Facts below come from the central banks and scheme operators that run them; numbers in brackets point to the sources at the end of the page.
Payment rails in Latin America
Rail or methodTypeWhereWhat to know
PixInstant paymentsBrazilBanco Central do Brasil's instant scheme, in full operation since 16 November 2020; pay by alias or static or dynamic QR code.[1]
SPEIInterbank transfersMexicoOwned and operated by Banco de México since 13 August 2004; near real-time, 24 hours a day.[2]

Rails described as they operate in the market. Which methods LILPE connects for your business is confirmed during onboarding.

Currency

  • BRLBrazilian real
  • MXNMexican peso

Settlement

Settlement options for this market, including currency and destination account, are confirmed during onboarding. Nothing on this page claims a specific settlement option.

Routing considerations

Orchestrating payments in Latin America

An orchestration layer sends each payment to an eligible provider by your rules and recent performance. In this market, these are the decisions that usually matter.
  1. Customer in Latin AmericaLocal methods and cards
  2. LILPEOne API and dashboard
  3. Routing engineRules, health, cost
  4. ProvidersServing Latin America, as connected
  5. Local railsPix, SPEI
Illustrative flow. Which providers and rails are connected for your business is confirmed during onboarding.

  • Local methods first

    Offer Pix or bank transfer where customers expect it; keep cards for those who prefer them.

  • Local vs cross-border acquiring

    Where a local provider can process a card, compare its approval rate and cost with a cross-border route.

  • QR expiry and confirmation

    Treat QR payments as pending until confirmed; don't fulfil on the redirect alone.

Merchant use cases

Who sells and pays in Latin America

  • E-commerce into Brazil and Mexico

    Checkout with the local methods customers use.

  • Marketplaces with local sellers

    Collections and payouts in local currency, where connected.

  • Digital services

    Recurring payments with clear handling of pending QR payments.

Integration approach

Add a market without a new integration

Your code talks to LILPE once. Markets, providers and methods are added behind that integration, where available.
  1. 01

    Tell us your markets

    Where you sell, the methods customers expect and your volumes.

  2. 02

    Providers confirmed

    We confirm which providers, methods and settlement options are available for your business.

  3. 03

    Integrate once

    One request pattern and one webhook stream, tested in the sandbox.

  4. 04

    Go live, then expand

    Adding or switching a provider needs no change to your code.

Availability and settlement options are confirmed during onboarding.

LILPE Global Presence

Local business address in Latin America

The coworking / business center where LILPE holds a local business address. This is not a LILPE office. To reach the team, use the contact page.

Coworking / Business Center Location

  • Local Business Address

    Coworking / Business Center

    WeWork Reforma Latino

    Country
    Mexico
    City
    Mexico City
    Complete address
    Av. Paseo de la Reforma 296, Juárez, Cuauhtémoc, Ciudad de México, CDMX 06600
    Postal code
    06600
    Official website
    wework.com(opens in a new tab)

    Not a LILPE office. Address checked on the operator's website on 7 October 2026.

A coworking / business center location is a local business address, not a LILPE office. It doesn't indicate a local licence or that LILPE services are available in Latin America. Availability and settlement options are confirmed during onboarding.

FAQ

Latin America questions

Is LILPE live in Latin America?

Which markets, providers and payment methods are available for your business is confirmed during onboarding. This page explains how payments work in Latin America and how an orchestration layer fits; it isn't a list of live LILPE connections.

How does a Pix payment work?

The payer uses the recipient's Pix key (an alias such as a phone number or email) or scans a static or dynamic QR code, and the transfer settles in seconds at any time, including non-business days.

Can LILPE settle in this market's currency?

Settlement options, including currency and destination account, are confirmed during onboarding. LILPE's global collection pages describe settlement in INR to an Indian account through cross-border providers; nothing on this page claims other settlement options.

Sources

  1. [1]Banco Central do Brasil — Pix
  2. [2]Banco de México — SPEI® information

Researched 7 October 2026. Market facts describe the payment systems, not LILPE's connections.

Expanding into Latin America?

Tell us where you sell and which providers you use today. We'll confirm what's available and show you the setup on LILPE.

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