Company Database - SafetyPay

SafetyPay has the mission to encourage financial inclusion by giving access to payments in ecommerce

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

Yes

Payments infrastructure

Yes, bank transfers, cash, and cross-border.

B2B payments

Yes

Channels – context

Online

Yes

POS/In-store

No

Omnichannel

Yes

Payments capabilities

Hosted pages

Yes

Whitelabel solution

Yes

Recurring billing

No

Payment methods supported

Yes, bank transfers, cash, and cross-border.

Settlement currencies

Yes, nine currencies.

Instant settlement

No

Tokenization

Yes

E-invoicing (automated)

Yes

Reconciliation and reporting

Yes

Factoring

No

Onboarding

Yes

Reporting/dashboards

Consolidated data and reporting dashboard

Yes

Fraud and risk management capabilities

Chargeback management

Yes

Fraud and risk management partners

Yes, Feedzai and Iovation

Financial and compliance capabilities

FX -  number of currencies available

Yes, 11 currencies.

Virtual IBAN

No

Multi-currency virtual IBAN

No

Current acount/settlement account

Yes

Lending

No

Instant settlement

No

Client onboarding (KYC/KYB)

Yes

Clients

Main clients/references

https://www.safetypay.com/en/merchant/our-clients/

https://www.safetypay.com/en/merchant/our-partners/

Case studies

https://www.safetypay.com/en/merchant/our-clients/

https://www.safetypay.com/en/merchant/our-partners/

Awards

iupana most innovative financial service projects 2020

(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)

More information upon request