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Credit technology provider LoanPro has entered into a strategic partnership with financial infrastructure firm NovoPayment to advance financial inclusion across Latin America.
Announced on March 20, the collaboration aims to equip financial institutions and fintech firms in the region with scalable infrastructure capable of supporting a wide range of credit and lending products.
According to the announcement, Latin America’s financial services sector continues to expand, with financial inclusion reaching an advanced stage. However, millions of individuals still lack access to modern credit solutions, highlighting significant gaps in the region’s financial ecosystem.
Addressing Infrastructure Gaps in Lending
Many financial institutions and fintechs in Latin America struggle with the necessary infrastructure to efficiently deploy credit and lending products at scale. The partnership between LoanPro and NovoPayment seeks to resolve these challenges by integrating NovoPayment’s API-based issuing and processing capabilities with LoanPro’s credit ledger and solutions for loan origination, servicing, and collections.
NovoPayment, which processed over 310 million transactions in 2024, provides digital banking and payments solutions across 15 markets. Meanwhile, LoanPro supports lending and credit programs for more than 600 financial institutions, serving approximately 9.5% of the adult population in the Americas.
By combining their expertise, both companies aim to empower financial organizations with the technology and infrastructure necessary to rapidly expand lending portfolios and improve access to credit products.
Latin America’s Growing Digital Economy
The increasing digital engagement in Latin America presents opportunities for financial service providers. Research indicates that countries like Brazil and Colombia are witnessing a surge in online financial activities, driving demand for more sophisticated payment and credit solutions.
However, industry experts warn that a one-size-fits-all approach to digital financial services may not succeed. Juan Soto, General Manager for Latin America at Nuvei, emphasized the importance of understanding regional payment behaviors, stating that merchants and financial service providers must tailor their strategies to individual markets for better acceptance rates and revenue growth.
As LoanPro and NovoPayment enhance credit infrastructure in the region, their partnership is set to play a crucial role in bridging financial access gaps and supporting the continued expansion of Latin America’s digital economy.
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