diff --git a/includes/payment-methods/class-wc-stripe-upe-payment-method-boleto.php b/includes/payment-methods/class-wc-stripe-upe-payment-method-boleto.php
new file mode 100644
index 0000000..ee5b3fc
--- /dev/null
+++ b/includes/payment-methods/class-wc-stripe-upe-payment-method-boleto.php
@@ -0,0 +1,52 @@
+<?php
+if ( ! defined( 'ABSPATH' ) ) {
+	exit;
+}
+
+/**
+ * Boleto Payment Method class extending UPE base class
+ */
+class WC_Stripe_UPE_Payment_Method_Boleto extends WC_Stripe_UPE_Payment_Method {
+
+	const STRIPE_ID = 'boleto';
+
+	const LPM_GATEWAY_CLASS = WC_Gateway_Stripe_Boleto::class;
+
+	/**
+	 * Constructor for Boleto payment method
+	 *
+	 * @since 5.8.0
+	 */
+	public function __construct() {
+		parent::__construct();
+		$this->stripe_id            = self::STRIPE_ID;
+		$this->can_refund           = false;
+		$this->title                = 'Pay with Boleto';
+		$this->is_reusable          = false;
+		$this->supported_currencies = [ 'BRL' ];
+		$this->supported_countries  = [ 'BR' ];
+		$this->label                = __( 'Boleto', 'woocommerce-gateway-stripe' );
+		$this->description          = __(
+			'Boleto is an official payment method in Brazil. Customers receive a voucher that can be paid at authorized agencies or banks, ATMs, or online bank portals.',
+			'woocommerce-gateway-stripe'
+		);
+
+		add_filter( 'wc_stripe_allowed_payment_processing_statuses', [ $this, 'add_allowed_payment_processing_statuses' ], 10, 2 );
+	}
+
+	/**
+	 * Adds on-hold as accepted status during webhook handling on orders paid with Boleto
+	 *
+	 * @param $allowed_statuses
+	 * @param $order
+	 *
+	 * @return mixed
+	 */
+	public function add_allowed_payment_processing_statuses( $allowed_statuses, $order ) {
+		if ( 'boleto' === $order->get_meta( '_stripe_upe_payment_type' ) && ! in_array( 'on-hold', $allowed_statuses ) ) {
+			$allowed_statuses[] = 'on-hold';
+		}
+
+		return $allowed_statuses;
+	}
+}