i-exceed, a global digital banking solutions provider, today announced its official entry into the Latin American market following a successful strategic delegation visit that established key relationships with the country's financial ecosystem.
Through this expansion, i-exceed is targeting up to 50% growth in regional revenues and implementation across multiple banks.
The delegation, led by S. Sundararajan, Co-founder & CEO, Karthik Sivaprakasham, Senior Vice President, and Mr. Manuel Velarde, Partner, met with senior representatives across Peru’s financial ecosystem to explore collaboration opportunities that expand financial access, and support inclusive digital transformation. During the visit, the delegation was graciously hosted by His Excellency Ambassador Vishvas Sakpal. His Excellency also shared insights on India-Peru trade relations, setting the stage for meaningful exchanges with financial institutions across Peru.
The delegation held focused discussions with multiple Peruvian banks and engaged with the Central Reserve Bank of Peru on the nation’s banking and digital-finance agenda. The Central Bank’s leadership also expressed a strong commitment to accelerating the nation’s digital transformation agenda. Peru’s National Policy for Financial Inclusion has fostered significant progress, with growing momentum driven by strong policy measures and active collaboration with the private sector. These advances are laying a solid foundation for the next phase of digital adoption and broader financial inclusion across the country.
India’s own experience was discussed as a practical reference point, with account ownership rising substantially over the past decade and reaching record levels in 2024, demonstrating how policy initiatives, digital transformation efforts, and fintech innovation can work together to drive scale. Peruvian institutions expressed keen interest in India’s financial inclusion journey, particularly the transformative role of the Unified Payments Interface (UPI), now surpassing Visa and processing 650 million transactions a day, as the world’s leading real-time payment system. This milestone served as a reference point for Peru’s own digital payments roadmap.
The technology provider’s entry into Latin America is backed by its expertise in large-scale onboarding and agent-led banking models. Appzillon, the company’s core digital banking platform, integrates AI-driven decisioning, low-code development, and omnichannel architecture to accelerate deployments at scale. The platform has powered onboarding programs for over 100 million customers worldwide, with interoperability features designed to modernize financial infrastructure.
“Peru represents a market with clear public-private momentum on financial inclusion and digital transformation. Our conversations confirmed shared objectives and a willingness to explore pragmatic, technology-led pathways. We look forward to partnering with Peruvian financial institutions in ways that respect local priorities and deliver measurable inclusion outcomes,” said S. Sundararajan, Co-founder & CEO, i-exceed.
This mission marks i-exceed’s first formal step into Latin America. The company will continue to engage with regulators, banks and other stakeholders in Peru and the broader region to translate shared ambitions into staged, measurable projects that improve access, usage and quality of financial services.