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What a company is owed in each country, and where we start

Brazil comes first. Mexico, Colombia, Chile, Argentina and Peru come later, with no date or partner yet. The map shows what exists in each place, not what RapidPay does today.

First

Brazil First

  • Card sales (payout schedule)
  • Duplicata escritural
  • Boleto (bank payment slip)
  • Pix Cobrança (Pix billing)

What the six countries have in common

  1. Money one company owes another starts with an electronic invoice filed with the tax authority.

  2. A registry records who owns each receivable right now. Where there's none, the contract decides.

  3. Nothing will be looked up without the authorization of the company that owns the receivable.

Brazil

First

Brazil comes first because card payouts already have a central record, and the electronic duplicata already has its own law and Central Bank rules.

Two partners at a garment workshop table: one stacks folded jeans, the other reads the printed batch slip.

  • Card sales (payout schedule)

    Later
    Where it lives
    Central Bank-authorized registries
    What can be done
    Get paid early, sell it on, or pledge it as collateral

  • Duplicata escritural

    Later
    Where it lives
    Authorized book-entry registrars. It's issued from an invoice.
    What can be done
    Get paid early, sell it on, collect it

  • Boleto (bank payment slip)

    Next
    Where it lives
    The bank or payment institution that issues it
    What can be done
    Collect it. What gets paid early is the bill behind it, not the boleto.

  • Pix Cobrança (Pix billing)

    Next
    Where it lives
    Pix, the Central Bank of Brazil's payment system
    What can be done
    Bill for payment now, by a due date, or on a recurring basis

    Pix

Mexico

Later

A company's receivable in Mexico starts as a CFDI, the electronic invoice filed with the SAT, the tax authority.

  • Factura (CFDI)

    Where it lives
    SAT. A sale of the invoice is recorded in the RUG collateral registry.
    What can be done
    Factoraje: get paid early, sell it on, collect it

  • Billing by SPEI

    Where it lives
    Banxico, Mexico's central bank
    What can be done
    Collect payment by bank transfer

Colombia

Later

In Colombia, an electronic invoice recorded with the tax authority can be sold or endorsed, much like a check.

  • Factura electrónica

    Where it lives
    RADIAN, the registry of the DIAN, Colombia's tax authority
    What can be done
    Get paid early, endorse it, collect it

Chile

Later

In Chile, selling an electronic invoice is recorded in a public registry kept by the SII, the tax authority.

  • Factura electrónica

    Where it lives
    SII, in its registry of credit assignments
    What can be done
    Get paid early, sell it on, collect it

Argentina

Later

In Argentina, small and midsize companies that sell to large ones issue a credit invoice, and checks change hands electronically.

  • Factura de Crédito Electrónica MiPyME

    Where it lives
    ARCA, Argentina's tax authority
    What can be done
    Get paid early, sell it on, collect it

  • ECHEQ

    Where it lives
    Banks, with the central record at COELSA
    What can be done
    Discount it, endorse it, collect it

Peru

Later

In Peru, a tradable invoice is recorded at CAVALI, the securities depository, once the SUNAT has validated it.

  • Factura negociable

    Where it lives
    CAVALI, after the SUNAT validates it
    What can be done
    Get paid early, sell it on, collect it

Sources

We drew this from each country's laws and rules, checked in November 2026. It is not legal advice.

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