SafetyPay is a payments platform, also based in LATAM, that enables ecommerce transactions to happen via Open Banking and eCash solutions. It holds a presence in a total of 11 countries in the region and operates through 180,000 cash collection points and a web of interconnected banking networks.
For Paysafe, this latest deal further strengthens its strategic foothold in LATAM, where merchants and consumers alike are showing an increasing preference towards using eCash solutions to transact online.
With the two teams now merged, operations will be overseen by Paysafe eCash CEO Udo Mueller, whilst SafetyPay’s CEO, Gustavo Ruiz Moya, is set to become CEO of eCash for Latin America and Global Head of Open Banking.
In 2021, Paysafe has finalised the acquisition of Peru-based fintech company Pago Efectivo to increase its presence in Latin America.
To find more about SafetyPay, check their profile in our company database.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now