LigoPay, a Peruvian fintech focused on real time payment and collection infrastructure, unveiled a regional interoperable payments network at the Argentina Fintech Forum 2025 in Buenos Aires. The initiative enables companies, fintechs, wallets and payment service providers to execute immediate collections and transfers across Latin American markets. With this move, Peru reinforces its position as one of the most active financial innovation hubs in the region.
Regional Interoperable Payments Network
During the event, LigoPay chief executive officer Alberto Castillo said the new network is designed to remove operational barriers between countries and ensure transactions that are instant, secure and traceable. The infrastructure connects different national systems in real time, supporting liquidity management and cross border competitiveness for businesses. Sector leaders at the forum agreed that interoperability is becoming essential for a more integrated digital economy in Latin America.
Interoperable QR and Open API Offering
As part of the launch, the company introduced its LATAM Interoperable QR solution, which lets merchants, fintechs and digital wallets process cross border payments and collections with automatic foreign exchange, real time confirmation and compatibility with leading wallets in the region. The product is meant to simplify cross border commerce and daily transactions between users who rely on different payment systems. In parallel, LigoPay presented Open API LATAM, a unified interface that integrates payments, collections and reconciliation 24/7 for companies, banks and fintechs.
Business Model and Expansion Plans
Open API LATAM is designed to automate financial flow management, provide full transaction level traceability and improve liquidity control for corporate clients. The interoperable QR connects with instant payment schemes such as Bre-B in Colombia, SPEI in Mexico and Transferencias 3.0 in Argentina, as well as the Peruvian ecosystem. LigoPay, which operates as a B2B payments infrastructure provider and belongs to the Tarjetas Peruanas Prepago ecosystem supervised by the SBS and connected to the BCRP and the CCE, plans to deepen its presence in Argentina, Colombia, Brazil, Chile, Mexico and Peru and extend to other markets.
Infrastructure and Value Proposition for Wallets and PSPs
Registered in Peru as an Electronic Money Issuing Entity, LigoPay has developed a dual business strategy for wallets and payment service providers that use its instant payments infrastructure. For regional wallets, the firm offers an interoperable QR that allows users to pay outside their home country, letting the wallet of origin earn revenue from transactions executed abroad while LigoPay captures income on the official foreign exchange spread. According to chief operating officer Cristian Garcia de Mita, this model targets wallets whose users face high costs when traveling and spending abroad, which often pushes them toward cash or credit cards.
Roadmap Toward 2026 and Regional Context
The second pillar of the strategy focuses on PSPs and processors that need to enable instant payments in markets where they lack licenses or local presence. Garcia de Mita noted that regulatory authorizations in new countries can take up to two years, whereas integrating with LigoPay’s infrastructure can cut the timeline to around 15 days because the company has already invested in legal entities, bank integrations and regulatory approvals. The firm expects to expand its coverage to additional countries such as Bolivia, Ecuador and Paraguay while continuing to add regional wallets to its network and positioning itself as a payments highway for interoperable and immediate transactions.
The launch of LigoPay’s interoperable QR and Open API solutions coincides with strong growth of the Peruvian fintech ecosystem, where digital wallets are widely used and electronic money transactions already reach hundreds of millions per month. The company aims to capitalize on this momentum by onboarding more regional wallets and PSPs to its infrastructure and by offering a shortcut to instant payments in multiple jurisdictions. As Latin American financial leaders converge on the view that interoperability will shape the next phase of the region’s digital economy, LigoPay’s cross border infrastructure positions Peru as a reference point for immediate and regional payments.
Source: Iupana