BelvovsMastercard Open Banking (formerly Finicity)

Belvo vs Mastercard Open Banking (formerly Finicity)

Open banking API aggregator comparison — coverage, markets, and capabilities side by side.

Belvo vs Mastercard Open Banking (formerly Finicity): both are open banking API aggregators offering account information (AIS) and payment initiation (PIS). Mastercard Open Banking (formerly Finicity) has the broader connectivity footprint (6 vs 4 countries of bank coverage), and they overlap on 0 shared markets. Belvo is headquartered in MX, while Mastercard Open Banking (formerly Finicity) is based in US.

Belvo
Option A

Belvo

HQ: MX
Mastercard Open Banking (formerly Finicity)
Option B

Mastercard Open Banking (formerly Finicity)

HQ: US

Belvo vs Mastercard Open Banking (formerly Finicity) at a glance

BelvoMastercard Open Banking (formerly Finicity)
HeadquartersMXUS
Market focusLatin AmericaMulti-region
Countries covered46
Institutions tracked184,351
Account data (AIS)
Payments (PIS)—
Verification
RegulatedOpen Finance BrasilUS
Sandbox
Pricing modelSubscription tiers (Launch from $1,000/mo) + custom GrowthCustom / enterprise quote
Free production tier——
Developer portal
Sources
3 sources
2 sources
View BelvoView Mastercard Open Banking (formerly Finicity)

Belvo vs Mastercard Open Banking (formerly Finicity): bank coverage overlap

Belvo and Mastercard Open Banking (formerly Finicity) share 0 markets where both connect to banks. Belvo additionally reaches 4 markets Mastercard Open Banking (formerly Finicity) does not (BR, CO, GB, MX), while Mastercard Open Banking (formerly Finicity) reaches 6 markets Belvo does not (AT, AU, CA, NG, PR, US).

Coverage figures are derived from verified per-bank connectivity data tracked on Open Banking Tracker, not provider marketing claims. See the coverage explorer for the full breakdown by continent.

Choose Belvo if…

  • your focus market is Latin America
  • you prefer a provider headquartered in Mexico

Choose Mastercard Open Banking (formerly Finicity) if…

  • you need the widest country coverage (6 markets)
  • you want the largest number of connected institutions (4,351)
  • you prefer a provider headquartered in the United States

Frequently asked questions

What is the difference between Belvo and Mastercard Open Banking (formerly Finicity)?

Belvo vs Mastercard Open Banking (formerly Finicity): both are open banking API aggregators offering account information (AIS) and payment initiation (PIS). Mastercard Open Banking (formerly Finicity) has the broader connectivity footprint (6 vs 4 countries of bank coverage), and they overlap on 0 shared markets. Belvo is headquartered in MX, while Mastercard Open Banking (formerly Finicity) is based in US.

Which has wider bank coverage, Belvo or Mastercard Open Banking (formerly Finicity)?

Mastercard Open Banking (formerly Finicity) has wider coverage, reaching 6 countries versus 4 for Belvo. They overlap on 0 shared markets.

Can I use both Belvo and Mastercard Open Banking (formerly Finicity)?

Yes. Many teams use more than one open banking aggregator — for example one for its strongest region and another for fallback coverage or specific institutions. Both Belvo and Mastercard Open Banking (formerly Finicity) expose account information (AIS) and payment initiation (PIS) APIs that can run in parallel.

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