monday.com Ltd. has significantly optimized its payment processes in Brazil through a partnership with EBANX, focusing on local payment solutions. This strategy has enabled monday.com to elevate its average ticket in the country to above the $9,000 mark.
The localized payment mix includes credit card installments, a common practice in Brazil, and cash payments like Boleto Bancario, which is a popular bank slip option. Over the past three years, monday.com has experienced an average annual growth of 41% in Total Payment Volume (TPV) through EBANX.
Installments account for 35% of the total volume transacted in Brazil for monday.com, while cash payments via Boleto represent 52% of all transactions in the country. This approach caters to Brazilian consumer preferences and helps overcome challenges related to purchasing power in emerging markets, supporting monday.com's growing customer base.
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