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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