NexaPay announces a strategic investment from Banco BS2. The partnership combines BS2’s expertise in Brazil’s financial system, foreign exchange and international payments with NexaPay’s understanding of Asian businesses and cross-border commerce, serving companies operating between Asia and Brazil.
For NexaPay, the investment marks an important step in its integration into Brazil’s financial ecosystem. For BS2, the partnership expands its cross-border capabilities and ability to serve Asian businesses, supporting growing trade and operational needs between the two markets.
Recognition from Brazil’s financial ecosystem
BS2 is a financial ecosystem designed for businesses. With more than 30 years in the market, it combines expertise in credit, payments, foreign exchange and insurance with financial technology infrastructure that connects third-party ecosystems.
“We have a well-established track record in developing foreign exchange and international payment solutions for companies operating globally. The partnership with NexaPay expands our ability to meet the growing demand for specialized financial infrastructure supporting transactions between Latin America and Asia.”
Carlos Eduardo Tavares de Andrade Jr.Executive Director of Foreign Exchange, BS2
“Together, we are developing solutions that are more efficient, secure and aligned with the needs of importers, exporters, marketplace sellers and e-commerce companies, helping simplify transactions and drive business between the markets.”
Carlos Eduardo Tavares de Andrade Jr.Executive Director of Foreign Exchange, BS2
The partnership connects local financial experience with the practical needs of Asian businesses, supporting NexaPay’s continued development of localized capabilities.
Understanding Asian businesses and Brazil’s financial system
Founded by Chinese entrepreneurs and headquartered in Singapore, NexaPay has built payments and financial infrastructure around commerce between Asia and Latin America from the beginning, with Brazil as its first core market.
The international team brings experience from EBANX, Shopee, SeaMoney and Alibaba, spanning Asian digital commerce, Brazilian and Latin American payments, risk management, technology and merchant operations. Alongside local legal, compliance and financial partnerships, this experience helps NexaPay understand the realities of operating in both markets.
Wei Duan, Founder and CEO of NexaPay, previously served as Group Vice President and Head of Asia-Pacific at EBANX, where she built its APAC business from the ground up, working with merchants, platforms and partners entering Latin America. Earlier in her career, she held international business roles at Alibaba and Haier.
This experience helps NexaPay connect the way Asian businesses operate with Brazil’s local accounts, payments and foreign exchange systems, developing its services around real business needs.
Built around operating funds in Brazil
Businesses entering Brazil often need to manage collections, local payments, foreign exchange and international settlement together. NexaPay connects these requirements through a unified merchant platform.
For e-commerce sellers, connecting marketplace proceeds with local operations. Merchant-named Brazilian bank accounts receive settlement from eligible marketplaces and connect local payments for logistics, warehousing and suppliers with foreign exchange and overseas settlement.
For trading companies, making it easier for Brazilian buyers to pay. Familiar local currency payment methods help reduce payment friction and connect local collections with international settlement.
For logistics, advertising and other service providers, enabling flexible cash management. Companies can manage collections and payments through their own local accounts and arrange foreign exchange and cross-border settlement according to their operating needs.
NexaPay focuses on the practical financial workflows of businesses operating in Brazil, connecting the steps into a path merchants can monitor, manage and use over time.
Supporting lasting commercial ties between Asia and Brazil
As trade between Asia and Latin America develops, demand for localized payments, foreign exchange and international cash management continues to grow. The partnership brings together both companies’ expertise to support that connection.
“China plays an increasingly important role in trade relations with Brazil and Latin America as a whole, and we believe this trend will continue to gain momentum in the coming years. More than an investment, this is about jointly building a financial infrastructure capable of simplifying transactions and driving new business between the two markets.”
Marcos MagalhãesCEO, BS2
“Trade between Asia and Latin America is entering a new growth cycle, but there is still room to advance the financial infrastructure that supports this progress. This partnership represents strategic alignment and a shared commitment to developing solutions that strengthen this connection.”
Wei DuanFounder and CEO, NexaPay
Building on its operations in Brazil, NexaPay plans to expand into other Latin American markets, supporting Chinese and Asian businesses operating across the region.
About NexaPay
NexaPay is a fintech focused on building cross-border payments infrastructure that connects Asia and Latin America. Founded by Chinese entrepreneurs and headquartered in Singapore, NexaPay focuses on developing localized payment and financial solutions that connect Asian trade ecosystems with Latin America’s financial infrastructure, starting in Brazil and expanding into other Latin American markets.
About BS2
BS2 is a financial ecosystem designed for businesses. With more than 30 years in the market and a continuous innovation agenda, it combines technological strength with expertise in credit, payments, foreign exchange and insurance. Its financial solutions connect with third-party ecosystems through its Infratech offer, provided on an As a Service basis, either in combination or individually. BS2 has earned the Pró-Ética seal from Brazil’s Office of the Comptroller General for two consecutive cycles and holds an A.br rating from Moody’s.