Fintech Company kamiPay Allows Users to Charge in Reals and Receive Digital Dollars Instantly

kamiPay, the Argentine fintech leader in cross-border collections, announced that more than 600 brands from all over the country selected its innovative solution to charge products and services in reais (R$) to Brazilian tourists in Argentina and receive digital dollars or pesos immediately and automatic at the best exchange rate.

The new kamiPay solution – which has no additional cost for the provider nor fixed or activation costs – streamlines and enhances the business of travel operators, hotels, gastronomic establishments, rentals and all types of tourism ventures, when requesting charges easily and safely to Brazilian tourists visiting Argentina.

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To achieve this, kamiPay combines PIX – the revolutionary system of the Central Bank of Brazil that became the country’s main means of payment – with blockchain technology

The tourist scans a PIX QR code in person, or receives a link if the operation is remote, makes the payment in reals as if he were in Brazil and, instantly, the provider receives digital dollars at the best exchange rate in the wallet digital currency of your choice, a balance that you can convert to Argentine pesos at any time.

“The experience with kamiPay is very positive because it allows us to make life easier for our guests from Brazil. Payments through digital channels are today the preferred option for tourists. Even more so if they can do them in their currency of origin and with the means of payment that they most use and trust, something that not only makes operations transparent but also increases sales opportunities,” said Julieta Martín, Manager at Chalten Suites Hotel.

In a few months since its launch in June 2023, kamiPay’s value proposition has already added more than 600 brands: Freddo, Prune, Cheeky, Howard Johnson, Chalten Suites Hotel, Frappe, Juana de Arco, Barricas y Toneles, Vinoteca Casagrande, Guapaletas, Finca Flichman, Quotidiano, Fervor, Sottovoce, Burladero, among others.

“With kamiPay we managed to implement PIX in our business, which was essential to be able to sell more to customers in Brazil. We found the tool to be very simple and secure to use in all our boxes and it gives us the peace of mind of having payment immediately, something we had not had until now. Lastly, the support they give at all times gives us great peace of mind,” said Leo Zanella, manager of Vinoteca Casagrande.

“Cross-border charges take time to be credited and are expensive. When credit and debit cards are used, payment to the merchant is credited in three weeks and at a non-competitive exchange rate. kamiPay allows you to make cross-border payments immediately, irreversibly and at the best exchange rate. In addition, the tourist can verify how much the product or service will cost in his or her own currency before making the payment. This is something that no other payment method offers,” said Matías Gorganchian, co-founder of kamiPay.

According to data from the National Directorate of Markets and Statistics of the Ministry of Tourism and Sports of the Nation, Brazil originates the main flow of inbound tourism in Argentina, a market with an annual turnover of more than $1 billion.

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(Featured image by Blake Wisz via Unsplash)

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First published in RoadShow. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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