{"id":777343,"date":"2022-04-07T20:01:40","date_gmt":"2022-04-07T18:01:40","guid":{"rendered":"https:\/\/bebeez.it\/non-categorizzato\/payretailers-acquires-chiles-paygol-and-colombias-pago-digital-in-move-to-unify-85-billion-latam-e-commerce-market\/"},"modified":"2023-07-11T09:39:52","modified_gmt":"2023-07-11T07:39:52","slug":"payretailers-acquires-chiles-paygol-and-colombias-pago-digital-in-move-to-unify-85-billion-latam-e-commerce-market-2","status":"publish","type":"post","link":"https:\/\/bebeez.it\/en\/private-capital-in-the-rest-of-the-world\/payretailers-acquires-chiles-paygol-and-colombias-pago-digital-in-move-to-unify-85-billion-latam-e-commerce-market-2\/","title":{"rendered":"PayRetailers Acquires Chile\u2019s Paygol and Colombia\u2019s Pago Digital in Move to Unify $85 Billion LATAM E-Commerce Market"},"content":{"rendered":"

\nAcquisitions bolster PayRetailers\u2019 position as the leading FinTech payment specialist across Latin America and efforts to simplify B2B e-commerce across the region\n<\/p>\n

<\/a>
<\/a><\/p>\n

BARCELONA, Spain–(BUSINESS WIRE)–PayRetailers<\/a>, the leading LATAM FinTech payment specialist, today announced the acquisition of two online payments platforms, Chile\u2019s Paygol and Colombia\u2019s Pago Digital. The two acquisitions strengthen PayRetailers\u2019 breadth and depth as the company moves to realise the potential of e-commerce payments across Latin America.\n<\/p>\n

\nPaygol<\/a> and Pago Digital<\/a> perfectly fit PayRetailers\u2019 acquisition criteria, providing innovative technologies and financial product suites, a clear customer focus, robust financial safeguards (such as PCI compliance) and cross border payment capabilities \u2014 alongside extensive presence within, and understanding of, local markets. <\/span>\n<\/p>\n

\nPaygol and Digital Payment support a comprehensive range of payment options. These capabilities further strengthen PayRetailers\u2019 card processing capabilities across Latin America. The two brands have invested in awareness: Paygol is the official sponsor<\/a> of Copa Chile Easy 2022; and Pago Digital has announced its sponsorship of Colombia’s premier football competition \u2013 the BetPlay DIMAYOR League.\n<\/p>\n

\nSimplifying LATAM payments\n<\/p>\n

\nTo date, LATAM 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.\n<\/p>\n

\nPayRetailers is simplifying B2B e-commerce through a single, intuitive and effective LATAM online payments platform. The strategy is to identify, select and acquire the perfect candidate companies \u2014 combining local innovation and insight, pan-regional reach and world class FinTech investment.\n<\/p>\n

\nPayRetailers founder and CEO, Juan Pablo Jutgla, said: \u201cCountries, 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.\u201d\n<\/p>\n

\n\u201cBoth Pago Digital and Paygol share our vision of democratising financial inclusion and clearly demonstrate a commitment to local communities through sponsorship. Today\u2019s 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.\u201d\n<\/p>\n

\nScaling LATAM providers\n<\/p>\n

\nThe acquisition brings Paygol and Pago Digital access to PayRetailers\u2019 extensive FinTech know-how, marketing resources and financial investment to grow at scale.\n<\/p>\n

\nPaygol CEO Carlos Varas, said, \u201cPaygol believes passionately in the power of local knowledge to bridge international borders. It\u2019s an understanding that we share with PayRetailers as we now move forward together \u2014 to truly unleash the potential of e-commerce businesses across LATAM.\u201d\n<\/p>\n

\nPago Digital CEO William Talero said, \u201cPago Digital was founded on a vision of simple and accessible online payments. We\u2019ve come a long way in 10 years and are now excited to move to the next level with PayRetailers: sharing technologies, expertise and insights to bring our customers ever-greater opportunity.\u201d\n<\/p>\n

\nRoyal Park Partners<\/a> acted as exclusive strategic and financial advisor to PayRetailers on the Pago Digital acquisition.\n<\/p>\n

\nAs a part of its strategic growth roadmap, PayRetailers plans to expand its presence in LATAM. This includes deepening existing networks in key LATAM countries \u2013 alongside ambitions to grow into Central America and the Caribbean.\n<\/p>\n

\nRealising LATAM potential\n<\/p>\n

\nPayRetailers\u2019 mission to unify and simplify e-commerce payments has the potential to catalyse a currently under performing market. While LATAM e-commerce is growing rapidly, reaching an estimated US$85 billion<\/a> in 2021, it is dwarfed by regions with integrated payment systems such as Europe<\/a> (around US$530 billion) and the US<\/a> & Canada<\/a> (around US$500 billion).\n<\/p>\n

\nJuan Pablo Jutgla, concluded: \u201cPayRetailers\u2019 mission is simple: to realise LATAM\u2019s vast e-commerce potential. This clarity of purpose drives us as we acquire the right companies at the right times to deliver the right capabilities. As Paygol and Pago Digital bring us a powerful new presence in Chile and Colombia, we are ideally placed to unify and simplify e-commerce \u2014 for seamless customer payment experiences across LATAM and beyond.\u201d\n<\/p>\n

\nAbout PayRetailers\n<\/p>\n

\nEstablished in 2017, PayRetailers is a leading payment service company headquartered in Spain, with regional offices in Malta, Mexico, Argentina, Brazil, Chile, and Colombia.\n<\/p>\n

\nIts 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.\n<\/p>\n

\nPayRetailers\u2019 payment platform leverages API technology to connect Latin American consumers with international merchants, offering a seamless payment experience.\n<\/p>\n

\nFrom the merchant\u2019s perspective, the solution has the distinct advantage of eliminating the hurdles associated with integrating multiple acquirers and payment methods, setting up several local entities and managing pay-in and payout processors individually.\n<\/p>\n

\nFor more information, visit: www.payretailers.com<\/a>\n<\/p>\n

\nAbout Paygol\n<\/p>\n

\nPaygol is an online payment platform which allows merchants to receive payments through a wide array of payment methods in a fast and easy way. We offer merchants a variety of local payment methods in Latin America that helps consumers to pay with the payment method they trust and know.\n<\/p>\n

\nFor more information, visit: www.paygol.com<\/a>\n<\/p>\n

\nAbout Pago Digital\n<\/p>\n

\nPago Digital is a payment gateway in Colombia 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.\n<\/p>\n

\nFor more information, visit: <\/span>www.pagodigital.co<\/a>\n<\/p>\n

\nAbout Royal Park Partners\n<\/p>\n

\nRoyal Park Partners is a global corporate finance advisory firm, supporting ambitious fintech companies with specialist transaction advice. The firm works in partnership with both prominent and emerging financial technology businesses, providing the expertise needed to enable entrepreneurs, founders and funds to build the future of finance.\n<\/p>\n

\nRoyal Park Partners provides advice in the areas of corporate finance, capital raising, private equity, trade sales and initial public offerings. Royal Park Partners is an appointed representative of Sapia Partners LLP, which is authorised and regulated by the Financial Conduct Authority.\n<\/p>\n

\nFor more information, please visit www.royalparkpartners.com<\/a>\n<\/p>\n

Contacts <\/p>\n

\nCatalina Rivera
\n
press@payretailers.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Acquisitions bolster PayRetailers\u2019 position as the leading FinTech payment specialist across Latin America and efforts to simplify B2B e-commerce across the region BARCELONA, Spain–(BUSINESS WIRE)–PayRetailers, the leading LATAM FinTech payment specialist, today announced the acquisition of two online payments platforms, Chile\u2019s Paygol and Colombia\u2019s Pago Digital. 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