FXOpen Launches Local Bank Transfers in Argentina, Brazil, and Mexico
FXOpen is pleased to announce that we've added new methods of depositing funds. Clients from Argentina, Brazil, and Mexico can now carry out transactions via local bank transfers: Rapipago, Boleto Bancário and Oxxo.
Rapipago is an Argentinian prepaid payment method used for online purchases. The system generates a voucher that can be paid offline at one of the 6000+ Rapipago payment locations. Rapipago supports payments between 1200+ companies and their consumers — around 19 million transactions per month. Rapipago’s card, check, and cash-based transactions ultimately collect money on behalf of merchants and utility firms.
OXXO is a chain of convenience stores that offers alternative cash payments in Mexico. Around 71 million Mexicans do not own a bank account, and OXXO allows merchants to tap into this substantial group of online buyers. With more than 16,000 stores across the country, consumers can pay for their online purchases in cash, and merchants have a zero chance of a chargeback.
Boleto Bancário is an official Brazilian payment method regulated by the Central Bank of Brazil. It is a push payment system which was launched in 1993 and today generates 3.7 billion transactions per year. Accounting for around 25% of all online payment transactions, it is a must for doing business in Brazil.
Discover how to deposit via Rapipago, OXXO and Boleto Bancário in our knowledge base.
- Currencies: USD;
- Deposit processing time: instant;
- Minimum deposit: USD 1;
- Maximum deposit: USD 1,800 (Rapipago), USD 500 (Oxxo), USD 3,000 (Boleto Bancário).
The deposit commission is 5%. To celebrate the launch, clients can deposit for free, paying 0% commission.
Withdrawals via Rapipago, OXXO, and Boleto Bancário are coming soon.
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