YellowPepper, which has developed a mobile wallet called Yepex for the Latin America market, this week raised $19 million in a Series C funding round to bring its total funding to $34 million, according to various reports. 

The company said it will use the funding for development and marketing. 

Yepex is available for Android and iOS and allows users to store credit and debit cards. YellowPepper uses tokenization to mask sensitive card details and information swapped between the consumer and merchant via either HCE or QR codes. The company told TechCrunch it has more than 5 million users who make more than 30 million transactions per month, and an 85 percent market share in Latin America.