BelvovsPluggy

Belvo vs Pluggy

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

Belvo vs Pluggy: both are open banking API aggregators offering account information (AIS) and payment initiation (PIS). Pluggy has the broader connectivity footprint (10 vs 4 countries of bank coverage), and they overlap on 2 shared markets. Belvo is headquartered in MX, while Pluggy is based in BR.

Belvo
Option A

Belvo

HQ: MX
Pluggy
Option B

Pluggy

HQ: BR

Belvo vs Pluggy at a glance

BelvoPluggy
HeadquartersMXBR
Market focusLatin AmericaMulti-region
Countries covered410
Institutions tracked1899
Account data (AIS)
Payments (PIS)
Verification
RegulatedOpen Finance BrasilOpen Finance Brasil, Banco Central do Brasil (ITP)
Sandbox
Pricing modelSubscription tiers (Launch from $1,000/mo) + custom GrowthSubscription (Basic from R$2,500/mo) + custom enterprise
Free production tier——
Developer portal
Sources
3 sources
3 sources
View BelvoView Pluggy

Belvo vs Pluggy: bank coverage overlap

Belvo and Pluggy share 2 markets where both connect to banks. Belvo additionally reaches 2 markets Pluggy does not (CO, MX), while Pluggy reaches 8 markets Belvo does not (CH, CW, DE, ES, PL, PT, RU, 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 Pluggy if…

  • you need the widest country coverage (10 markets)
  • you want the largest number of connected institutions (99)
  • you prefer a provider headquartered in Brazil

Frequently asked questions

What is the difference between Belvo and Pluggy?

Belvo vs Pluggy: both are open banking API aggregators offering account information (AIS) and payment initiation (PIS). Pluggy has the broader connectivity footprint (10 vs 4 countries of bank coverage), and they overlap on 2 shared markets. Belvo is headquartered in MX, while Pluggy is based in BR.

Which has wider bank coverage, Belvo or Pluggy?

Pluggy has wider coverage, reaching 10 countries versus 4 for Belvo. They overlap on 2 shared markets.

Can I use both Belvo and Pluggy?

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 Pluggy expose account information (AIS) and payment initiation (PIS) APIs that can run in parallel.

Related comparisons

belvo vs bridgeapi-iobelvo vs enablebankingbelvo vs finicitybelvo vs fintecturebelvo vs gocardlessbelvo vs neonomics
Want to integrate Accounting & ERP data?

Connect to 30+ accounting platforms and ERPs through a single unified API with Apideck.

Explore Apideck Accounting API