PayRetailers Acquires Colombian Pago Digital

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PayRetailers, the LATAM FinTech payment specialist, announced the acquisition of Pago Digital, a Colombian 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 Colombia and its efforts to simplify B2B e-commerce across the country.

Pago Digital fits 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.

Led by CEO William Talero, Pago Digital is a payment gateway that since 2011 has been in the market offering online payment processing solutions for emerging markets, supplying innovative and secure technology for online business. The company offers a wide range of options to pay in local currency, including cash payments, credit cards, online banking, and market specific popular solutions.

Established in 2017, PayRetailers is a 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.

FinSMEs

08/04/2022