Monnet Payment Solutions

History & Founding

Monnet Payment Solutions was founded in 2020 in Lima, Peru, by Eduardo Luna Bulnes and Franco Zurita, both of whom came from the payments industry. They identified a growing need for a localized payout solution that incumbent global processors were not adequately addressing, particularly for businesses needing to disburse large volumes of small-amount transactions quickly in local currencies across Latin America. The company began operations in Peru and Chile before expanding to seven additional countries.

Business Model & Products

Monnet positions itself as a technological ally for businesses that collect payments from and disburse funds to end users across the region. Its integrated platform consists of three primary solutions: Payouts enables instant and traditional bank transfers in local currency, supporting mass disbursements for iGaming winnings, travel commissions, and other recurring payouts. Payins offers a single API to accept credit card payments (Visa, Mastercard) and alternative payment methods with multicurrency support. Regional Wallet provides a centralised fund management platform where merchants can hold, distribute, and reconcile balances across multiple countries. In early 2025, Monnet launched Virtual Accounts, a global solution for cross-border receivables that allows businesses to receive payments via virtual accounts in multiple Latin American markets. The acquisition of ETPay in November 2025 added a Chilean and Mexican payment processor, bringing approximately 90–100 Chilean clients and 20 global clients in Mexico, along with local licensing and coverage.

Market Position & Competition

Monnet competes in the Latin American payment orchestration space alongside larger players such as dLocal, Kushki, and EBANX. It differentiates through its payouts specialization and mid-market focus, offering deep local integration with banks and alternative payment networks across each market. The company’s client testimonials highlight dedicated commercial, technical, and support teams. Monnet targets verticals such as iGaming, travel (airlines, hotels, cruise lines), and e-commerce, where fast, high-volume payouts are critical. The company is privately held and has been recognized by BBVA Spark as a promising fintech.

Recent Developments & Acquisitions

The acquisition of ETPay in Q4 2025 was a strategic move to strengthen Monnet’s position in Chile and Mexico, two key markets. The deal added a license and client base, expanding Monnet’s regional footprint. Earlier in 2025, the launch of Virtual Accounts marked an expansion into cross-border receivables, building on the company’s existing payout and payin capabilities. Monnet has also formed partnerships with banks and continues to invest in technology to enhance its real-time monitoring and single-integration access. The company’s revenue target of US$50 million by 2025 reflects its growth ambitions.

Leadership & Team

The founding team brings extensive financial-sector experience: Eduardo Luna Bulnes serves as CEO, having previously been Chief Revenue Officer at the company, and Franco Zurita is co-founder. Juan M. holds the role of Chief Financial Officer. The company maintains a workforce of 51–200 employees according to LinkedIn, with offices across nine Latin American countries. Monnet’s leadership emphasizes a client-oriented philosophy and real-time monitoring capabilities, as reflected in its website and LinkedIn presence.