PPRO, a London, UK-based cross-border e-payments specialist, is to acquire allpago, a Latin American payments provider.
The amount of the deal, which aims to create a platform for local payments, was not disclosed.
Led by Philipp Bock, CEO and founder, allpago is a provider of payment and gateway services in Latin America.
By using allpago’s knowledge and technical integrations into LPMs, PPRO can add value to payment service providers and their merchants.
This acquisition is part of a wider strategy that PPRO has adopted to become a global platform with direct integrations into all major local payment methods worldwide. The combined business will have more than 200 people with expertise in local payments and experience in key markets around the world.
Following the acquisition, Bock will become a shareholder of PPRO and together with the allpago and PPRO teams will continue to build the payments platform.
PPRO is a cross-border e-payment specialist that removes the complexity of international e-commerce payments by acquiring, collecting and processing an extensive range of local payments methods for Payment Service Providers (PSPs) under one contract, through one platform and one single integration. The company supports international payment methods across more than 100 countries.