FUEX Payments operates in the Caribbean and Latin American markets. It offers API solutions that enable real-time payments for governments, businesses, and financial institutions via global payment card brands.
Zenus Bank, a Puerto Rico-based digital bank that offers US bank accounts to customers all over the world, has acquired payments start-up Financial Urban Exchange LLC (FUEX Payments) for an undisclosed sum.
Through the acquisition, Zenus Bank aims to expand into the Caribbean and Latin American markets and allow businesses and individuals in the regions to transact “more efficiently and securely anywhere in the world”.
Zenus Bank enables customers from developing countries to access, send, receive, and store money in the US, and in US dollars, from almost any part of the globe.
Additionally, the bank also allows real-time cross-border money transfers, free of charge for Zenus-to-Zenus bank accounts, and payments in more than 45 global currencies.