SafetyPay is a secure alternative payments platform. With a comprehensive suite of B2C and B2B payment solutions, the company eliminates common pain points associated with traditional payment methods, allowing non-card holders and fraud-wary consumers to pay via bank transfers or cash payments. The platform partners with 380 banks and payment partners in 18 countries worldwide.
Core solution
We provide a non-card payment platform, enabling cross-border and local commerce transactions through bank transfer, instant payments, and cash payments in Latin America and Europe.
Target market
Merchants (financial services, travel and tourism, sports betting, MLM, ecommerce and shopping, gig economy, buisness and consumer services, education, gaming)
Marketplaces
PSPs
Fintech
Contact details
mtrivino@safetypay.com
Geographical presence
Europe and LATAM
Year founded
2007
Investors
IFC (World Bank), Armilar Capital and Escort Investments (Family Trust)
License type
Payment Institution
Company motto
SafetyPay has the mission to encourage financial inclusion by giving access to payments in ecommerce, and enable merchants the opportunity to make cross-border sales.
Service provider type
Payment Service Provider – Gateway
Yes
Full service commerce
Yes, digital
Payments orchestration - Payments-as-a-Service
Payments infrastructure
Yes, bank transfers, cash, and cross-border.
B2B payments
Channels – context
Online
POS/In-store
No
Omnichannel
Payments capabilities
Hosted pages
Whitelabel solution
Recurring billing
Payment methods supported
Settlement currencies
Yes, nine currencies.
Instant settlement
Tokenization
E-invoicing (automated)
Reconciliation and reporting
Factoring
Onboarding
Reporting/dashboards
Consolidated data and reporting dashboard
Fraud and risk management capabilities
Chargeback management
Fraud and risk management partners
Yes, Feedzai and Iovation
Financial and compliance capabilities
FX - number of currencies available
Yes, 11 currencies.
Virtual IBAN
Multi-currency virtual IBAN
Current acount/settlement account
Lending
Client onboarding (KYC/KYB)
Clients
Main clients/references
https://www.safetypay.com/en/merchant/our-clients/
https://www.safetypay.com/en/merchant/our-partners/
Case studies
Awards
(https://iupana.com/2020/12/07/disrupciones-iupana-awards-2020/?lang=en)
Shortlisted by Emerging Payments Awards 2021 for International Payments (full list of the finalists. https://www.emergingpaymentsawards.com/2021-finalists/)
Best E-Commerce solution in 2017 for E-Commerce Awards
(https://ecommerceaward.org/2017/07/21/se-conocieron-los-ganadores-de-los-ecommerce-awards-peru-2017/), CIO Banking
Future developments
Lending and payout
Transaction volume
More information upon request
Transaction volume (USD/EUR)