Zenus Bank, provider of digital banking services, has acquired Financial Urban Exchange LLC (FUEX Payments), a fintech specialising in real-time payments for the Caribbean and Latin American markets

The acquisition is the latest in a series of strategic expansions involving Zenus. On 2 March, the banking services provider rolled out the first Visa Infinite Debit Card to its global audience without the need to be a US citizen or resident.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The latest launch further bolsters its position on the market, with Zenus’s acquisition of FUEX Payments enabling the bank to expand its services in the Caribbean and Latin American markets.

Mushegh Tovmasyan, chairman and founder of Zenus Bank, commented: “FUEX Payments has been at the forefront of the fintech revolution in the Caribbean and LAC markets, and we are thrilled to have them join the Zenus Bank family

“This acquisition will enhance our capabilities and enable us to deliver even more innovative solutions to our customers, further strengthening our position as a leader in the fintech industry”, Tovmasyan added.

Candido Alfonso, co-founder and CEO of FUEX Payments, also welcomed the partnership.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“We are excited to join forces with Zenus Bank, a company that shares our vision for providing cutting-edge financial solutions to customers.

“This acquisition will allow us to leverage Zenus Bank’s expertise and resources to accelerate the growth of our real-time payments solutions in the Caribbean and LAC markets in the real-time transactions and Payments-as-a-Service markets”, Alfonso said.