LINGA, a cloud-based restaurant operating system (rOS) provider, has selected Evertec to improve payment experience in Puerto Rican and Latin American regions.
Evertec is a payment processing provider in the Caribbean and Latin American markets.
LINGA will serve as the rOS provider for Evertec’s merchants.
The tie-up will also include point-of-sale (POS) processing solution for merchants.
LINGA founder and CEO Onur Haytac said: “Our rOS technology and their payment processing experience in the region and acquisition power will change the industry by closing the gap between the processing and point of sales experiences for businesses in the Puerto Rico and Latin American markets.
“Our rOS platform will reduce the cost of acquiring merchants in the long run by reducing churn and enabling merchants with the latest stack of technologies for their business.”
LINGA operates in 88 countries and 36 languages.
In 2021, Evertec processed over three billion transactions across 26 countries.
Evertec executive vice president Mike Vizcarrondo said: “With LINGA’s deep expertise in the restaurant market, we are excited about our ability to enhance our smart POS portfolio to better service the restaurant management space improving their overall payment experience making it more convenient, easier and faster to process payments not only in Puerto Rico but also throughout Latin America.”
Earlier this month, Addi, a Columbia-based buy-now-pay-later (BNPL) firm reportedly raised $200m in debt and equity financing to expand its Latin American operations.