Gabriel Luis Vozza, Chief Business Officer
Today, the increasing globalization of payment processing is highlighting the need for new standards to govern the flow of money. That said, in the largely cash-based Latin American economy with a low banking penetration, players facilitating inter-regional transactions may find it challenging in comparison to other regions of the world. With an underdeveloped banking infrastructure, lack of access to credit, and mistrust in financial institutions from the Baja Peninsula in Mexico to the Tierra del Fuego Archipelago in Chile, the southernmost territory in Latin America, cash is still the primary mode of payment for many reasons.
”We understand the dynamic environment of payments processes in the region and have the experience of the technical know-how in managing them”
Concurrently, the use of smartphones is growing exponentially, and thus, embracing digital payments will provide opportunities to Latin American businesses previously dependent on cash. Small -and medium-sized businesses (SMBs) who can leverage the advantages of mobile banking and payments can reach customers in rural regions, and cut down the cost of payment processing in comparison to using traditional banking services. This is where, one company, U-Payments, is changing the narrative by providing Consultancy, Advisory, and Implementation services of Payment Method Platforms to enable private and public organizations to offer services in collaboration with the formalization of the economy.
We are specialists in building economic environments. Our main objective is to help the cities and government organization, in a country or region to recover, its financial independence
The firm allows clients to compete in the Latin American region with an in-depth understanding of the nuances of the digital payment culture of each country in the region. “We understand the dynamic environment of payments processes in the region and have the technical know-how in managing them,” states Gabriel Luis Vozza, Chief Business Officer at U-Payments.
U-Payment postpaid and pre-paid payment platforms enable businesses to increase their reach with greater performance and profitability, complying with industry standards and regulations in force in each country. The firm’s plethora of technological tools such as 3DS, Face ID, and U-Tracker add a layer of security in transactions which aid in identifying behaviour patterns, fraudulent transactions and prevent money laundering online. U-Payments differentiates itself by offering a proactive service, with a high-performance team that provides long-term creative solutions. Its Program Manager services help clients to grow their business, from analysis and diagnosis to development and implementation. U-Payments offers comprehensive management and administration of physical/digital payment cards for banks, retailers, and the mass consumers industry by evaluating their business operations and streamlining them towards strategic goals of increasing sales, reducing costs, and building customer loyalty.
Furthermore, the company aids in the building of Smart City projects by offering card payment solutions in digital and mobile channels for the integration of financial flows, monitoring of transactions, collection of service fees in the region, and accrediting social benefits to citizens. “We are specialists in building financial environments. Our main objective is to help the cities and government organization, in a country or region to recover, its financial independence,” explains Vozza. To further illustrate the proficiency of U-Payments, Vozza, cites a case-study, where, one of the largest financial institutions in Chile - Caja De Compensación Los Andes approached them to develop a pre-paid card for all its affiliates. U-Payments helped the financial institution offer better services through its platform and enabled customers their time with enhanced UX/UI experience.
Starting operations in 2018, U-PAYMENTS, was born under the support, experience and professional trajectory of its partners, as a result of more than eight years of experience in Chile in Payment Methods and 15 years in consulting global markets. Since then the company has made significant strides becoming the largest digital platform on Microsoft Azzure and partnering with companies such as MasterCard and Microsoft as a key enabler. “Currently, we are developing specialized technological projects in finance business processes and services areas,” concludes Vozza.