Bamboo, a leading provider of cross-border payment solutions, is proud to announce a new partnership with Tiendamia, a prominent e-commerce platform in Latin America.
This collaboration is set to address key challenges faced by Tiendamia in Argentina, allowing the company to offer more competitive pricing and a seamless shopping experience to its customers.
Before partnering with Bamboo, Tiendamia’s primary pain point in the Argentine market was the complexity of optimizing currency conversion from Argentine Pesos (ARS) to U.S. Dollars (USD). This challenge limited Tiendamia’s ability to compete locally, as it affected their capability to provide consumers with attractive final prices in local currency.
Bamboo addressed this challenge by implementing a solution that offers a highly competitive exchange rate, fully compliant with both local and international regulations. In Argentina, navigating exchange rates and transferring funds abroad can be complex due to various mechanisms and regulatory requirements. Bamboo’s end-to-end solution ensures that the entire process, from customer payments to merchant settlement in the U.S., is closely monitored by regulatory authorities in both countries.
“Bamboo has enabled us to optimize our operations in Argentina by providing a currency conversion solution that truly aligns with our needs,” said Santiago Garcia, Country Manager Argentina at Tiendamia. “This partnership allows us to offer our customers in Argentina more competitive prices in local currency, which is a significant advantage in our mission to deliver high-quality products to Latin America.”
A unique proposition for Tiendamia
What sets Bamboo apart in this partnership is its comprehensive coverage of payment methods in Argentina and optimized settlement times. This unique combination allows Tiendamia to deliver a superior experience to its users and better compete in the local market.
“We’re excited to collaborate with Tiendamia in transforming their payment processes in Argentina,” said María Paz Olaso, VP Sales at Bamboo. “Our goal is to empower businesses to thrive in local markets in LATAM with solutions that are not only seamless but also fully compliant, enabling global merchants like Tiendamia to expand their reach and impact across the region.”
Expanding horizons across Latin America
Currently, Tiendamia and Bamboo’s focus is on optimizing payment solutions for the Argentine market. However, Tiendamia also operates in other key Latin American countries, including Uruguay, Ecuador, Costa Rica and Peru. The next steps in this partnership involve extending the benefits of Bamboo’s solutions to these markets, enabling Tiendamia to offer high-quality products at competitive prices while adapting payment options to suit local consumer habits.