BelvovsPlaid

Belvo vs Plaid

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

Belvo vs Plaid: both are open banking API aggregators offering account information (AIS) and payment initiation (PIS). Plaid has the broader connectivity footprint (59 vs 4 countries of bank coverage), and they overlap on 2 shared markets. Belvo is headquartered in MX, while Plaid is based in US.

Belvo
Option A

Belvo

HQ: MX
Plaid
Option B

Plaid

HQ: US

Belvo vs Plaid at a glance

BelvoPlaid
HeadquartersMXUS
Market focusLatin AmericaNorth America and Europe
Countries covered459
Institutions tracked189,706
Account data (AIS)
Payments (PIS)
Verification
RegulatedOpen Finance BrasilFCA, PSD2
Sandbox
Pricing modelSubscription tiers (Launch from $1,000/mo) + custom GrowthUsage-based: per-connected-account + per-request; Pay-as-you-go / Growth / Custom
Free production tier——
Developer portal
Sources
3 sources
4 sources
View BelvoView Plaid

Belvo vs Plaid: bank coverage overlap

Belvo and Plaid share 2 markets where both connect to banks. Belvo additionally reaches 2 markets Plaid does not (CO, MX), while Plaid reaches 57 markets Belvo does not (AD, AE, AL, AT, AU, AZ, BD, BE…).

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 Plaid if…

  • you need the widest country coverage (59 markets)
  • you want the largest number of connected institutions (9,706)
  • your focus market is North America and Europe
  • you prefer a provider headquartered in the United States

Frequently asked questions

What is the difference between Belvo and Plaid?

Belvo vs Plaid: both are open banking API aggregators offering account information (AIS) and payment initiation (PIS). Plaid has the broader connectivity footprint (59 vs 4 countries of bank coverage), and they overlap on 2 shared markets. Belvo is headquartered in MX, while Plaid is based in US.

Which has wider bank coverage, Belvo or Plaid?

Plaid has wider coverage, reaching 59 countries versus 4 for Belvo. They overlap on 2 shared markets.

Can I use both Belvo and Plaid?

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

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