Paysafe To Acquire Safetypay
08/16/21, 10:46 AM
Industry
mobile payments
payments
fintech
e commerce
Paysafe (NYSE:PSFE) (“the company”), a leading specialized payments platform, today announced that it has signed a definitive agreement to acquire SafetyPay for USD 441 million in an all-cash transaction. SafetyPay is a leading payments platform that enables eCommerce transactions via an unrivalled choice of open banking and eCash solutions, operating primarily in Latin America. For Paysafe, this latest deal strengthens its strategic foothold in Latin America, building on its recently announced acquisition agreement with Peruvian payments platform, PagoEfectivo. Together the two acquisitions set Paysafe up to be the leading open banking and eCash solutions provider in Latin America, one of the world’s fastest-growing online markets.
Company Info
Company info
Looking to get in the game? Paysafe offers seamless, safe and secure online payment solutions to accelerate your business. Through a single integration, consumers and merchants can send and receive payments across the globe. Paysafe connects merchants and consumers around the world through seamless payment processing, digital wallet, and online cash solutions. Our industry-leading payment solutions include mobile-initiated transactions, and real-time analytics to help you take your business to the next level.