Cody McGrath 
Ebury’s purchase of Ripple partner Bexs in a recent deal sets to increase the expansion chances of Ripple-based remittances in Latin American countries.
Ebury, a Banco Santander-backed provider of corporate banking services to international SMEs, has agreed to acquire Bexs, expanding its international payments offering to Latin America, particularly Brazil.
The deal includes Bexs Banco (foreign exchange) and Bexs Pay (payments), boosting Ebury’s international money transfer alternatives for SMEs, subject to regulatory approval.
Bexs will also provide digital services to businesses that sell their products online in Brazil, mainly marketplaces, applications, and software firms.
Bexs Banco, established in Brazil, connects with member banks in North America, Europe, and Asia to handle cross-border e-commerce payments for millions of clients.
Ebury is also funded by Ripple partner Banco Santander, which collaborated with Ripple to address client concerns about international transfers.
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