PayRetailers, a LATAM FinTech payment specialist, announced the acquisition of Paygol, a Chilean online payments platform.
The amount of the deal was not disclosed.
The acquisition aims to bolster PayRetailers’ position as a leading FinTech payment specialist across Chile and its efforts to simplify B2B e-commerce across the country.
Led by CEO Carlos Varas, Paygol is an online payment platform which allows merchants to receive payments through a wide array of payment methods in a fast way. The company offer merchants a variety of local payment methods in Latin America that helps consumers to pay with the payment method they trust and know.
Paygol perfectly fit PayRetailers’ acquisition criteria, providing innovative technologies and financial product suites, a clear customer focus, financial safeguards (such as PCI compliance) and cross border payment capabilities — alongside extensive presence within, and understanding of, the local market.
Established in 2017, PayRetailers is a leading payment service company headquartered in Spain, with regional offices in Malta, Mexico, Argentina, Brazil, Chile, and Colombia. Its flagship online payment platform is a unified solution integrating over 250 payment methods, including online payment alternatives using local currency, such as cash payments, credit/debit cards, online banking, QR codes, and a wide range of eWallets. The payment platform leverages API technology to connect Latin American consumers with international merchants, offering a seamless payment experience.