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Overview
Koin provides digital payment and credit options for e-commerce in Latin America, including Buy Now, Pay Later at the point of sale. Its products let customers split online purchases into up to 12 installments using Pix or boletos, with minimal onboarding, plus a PCI-certified payment gateway and fraud protection for merchants. After being acquired by Despegar, Koin expanded into a broader digital wallet and merchant services to serve over 1,000 retailers across the region. Its goal is to broaden financing options for online shoppers and travelers while simplifying secure, efficient payments for merchants.
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Simplify's take
What believers are saying
- Koin’s October 2026 site advertises up to 24 installments and higher ticket conversion.
- Its 2024 Itaú-structured FIDC and tourism lending push fund growth in travel commerce.
- Merchant demand remains broad: Koin says it serves over 1,000 retailers across Latin America.
What critics are saying
- Banco Central tightened payment rules in 2026, raising capital and compliance costs for Koin.
- EBANX and Pagaleve now attack the same Pix-installment checkout, squeezing Koin margins.
- If Despegar cuts support, Koin loses capital, distribution, and a standalone exit path.
What makes Koin unique
- Despegar owns Koin, tying checkout financing to travel demand and distribution.
- Koin combines Pix Parcelado, boleto parcelado, gateway, and antifraud in one stack.
- Its 2026 site promises checkout approval in milliseconds with merchant cash upfront.
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