Breaking News
LoanPro and NovoPayment Partner to Expand Access to Credit in Latin America
LoanPro, the leading modern credit platform, has jointly announced a partnership with NovoPayment, a leading next gen financial infrastructure provider, giving financial institutions and fintechs across Latin America access to an integrated, end-to-end infrastructure that can support virtually any class of credit and lending product.
Latin America’s financial services market is expanding rapidly, yet modernization in infrastructure has lagged behind. According to the 2024 Credicorp Financial Inclusion Index, Latin America’s financial inclusion score has risen from 38 points in 2021 to 47.6 in 2024, with 28% of adults reaching an advanced level of financial inclusion. Despite this progress, significant gaps remain in financial inclusion in the region, with millions still lacking access to modern credit and lending products. Many financial institutions and fintechs do not have the infrastructure to efficiently deploy lending and credit products at scale. This partnership directly addresses these challenges by integrating NovoPayment’s API-based issuing processing with LoanPro’s credit ledger and solutions for origination, servicing, and collections.
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