Pomelo

Pomelo provides technology for issuing, processing and managing card programmes in Latin America. It is an issuer processor and a financial infrastructure provider.

Services

The listed services are issuer processing, card issuing infrastructure and BIN sponsorship programmes. A fintech or bank that wants to launch cards in the region can use Pomelo's platform for the technical side, rather than building connections to networks and processors by itself.

Clients

The published target segments are fintech companies, banks and financial institutions, and businesses or enterprises. That reflects who the product is built for and does not guarantee that any applicant is accepted.

Reading the role correctly

Pomelo is a technology and processing provider and not a deposit-taking bank. Its products should not be treated as bank deposits, and BINs used in a programme should not automatically be attributed to Pomelo. Which entity holds the BIN, and who acts as issuer in each country, depends on the programme.

What to ask

Teams should ask which countries are live, who the issuing partner is in each of them, how BIN sponsorship is structured and how fees for processing and issuance are set.