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Fintech & Ecommerce

PayRetailers announced acquisition of two online payments platforms in LATAM

Apr 08, 2022

PayRetailers is simplifying B2B e-commerce through a single LATAM online payments platform

PayRetailers

PayRetailers announced acquisition of two online payments platforms in LATAM. Source: PayRetailers FB page

PayRetailers has announced the acquisition of two online payments platforms, Chile’s Paygol and Colombia’s Pago Digital.

According to the press release, Paygol and Pago Digital are providing innovative technologies and financial product suites, a clear customer focus, robust financial safeguards, such as PCI compliance and cross-border payment capabilities.

The acquisition brings Paygol and Pago Digital access to PayRetailers’ extensive fintech know-how, marketing resources and financial investment to grow at scale.

Countries, communities, companies and individuals are being transformed by e-commerce. Hyper-local access to vast international markets will generate new investment, jobs, education and opportunity for millions across our continent. Both Pago Digital and Paygol share our vision of democratising financial inclusion and clearly demonstrate a commitment to local communities through sponsorship. Today’s acquisitions take us closer to a seamless, barrier-free and open e-commerce payments platform that will bring financial inclusion from Tierra del Fuego to Punta Gallinas
Juan Pablo Jutgla, PayRetailers founder and CEO

To date, Latin America has suffered from a disjointed B2B e-commerce payments environment that sees online merchants forced to piece together services across multiple countries, regulatory jurisdictions and currencies.

That’s why PayRetailers’ strategy is to identify, select and acquire the perfect candidate companies — combining local innovation and insight, pan-regional reach and world-class fintech investment.

We’ve reported that BlueSnap announced the launch of embedded payments suite globally.

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