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Paysafe to acquire PagoEfectivo and expand in LATAM

Tuesday 3 August 2021 12:12 CET | News

UK-based payments platform Paysafe has signed a definitive agreement to acquire PagoEfectivo, a Peru-based alternative payments (APM) platform. 

For Paysafe, this latest investment is a strategic foothold in Latin America. Paysafe’s core purpose is to enable businesses and consumers to connect and transact seamlessly through capabilities in payment processing, digital wallet, and online cash solutions; it offers over 70 payment types in over 40 currencies around the world.

PagoEfectivo, a subsidiary of Empresa Editora El Comercio, offers provision of eCash and online banking payments that allow merchants to offer alternative payment methods (APMs) at the check-out, in turn enabling more consumers in the region, many of whom are underbanked, to transact online. Founded in 2009, PagoEfectivo payment options are now used by millions of Peruvians, as well as consumers in neighboring Ecuador where it also operates. Its solutions are popular with merchants operating in the iGaming, digital goods, travel and ecommerce industries amongst others.


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Keywords: acquisition, online payments, omnichannel payments solution, digital payments
Categories: Payments & Commerce
Companies:
Countries: Peru
This article is part of category

Payments & Commerce