SafetyPay

Paysafe Completes Acquisition of SafetyPay

Retrieved on: 
Monday, January 31, 2022
Professional Services, Finance, Growth, CEO, Leadership, Private Securities Litigation Reform Act, Sale, Ecosystem, SEC, Probability, E-commerce, Collection, Company, Cropping system, Travel, Acquisition, Open banking, Appetite, NYSE, Solution, Ecash, Retail, Online shopping, Cryptocurrency, Risk management, Paysafe, Paysafe Limited, Paysafe’s eCash Division, SafetyPay, PAYSAFE LIMITED, PAYSAFE’S ECASH DIVISION, SAFETYPAY

Paysafe (NYSE:PSFE), a leading specialized payments platform, today announced the completion of its SafetyPay acquisition.

Key Points: 
  • Paysafe (NYSE:PSFE), a leading specialized payments platform, today announced the completion of its SafetyPay acquisition.
  • For Paysafe, this latest deal further strengthens its strategic foothold in Latin America, building on its recently announced acquisition of Peruvian payments platform, PagoEfectivo.
  • As part of the transaction, the entire SafetyPay team now transitions into Paysafes eCash and open banking solutions team which is headed up by Paysafe eCash CEO, Udo Mueller.
  • Paysafe Limited (Paysafe) (NYSE:PSFE) (PSFE.WS) is a leading specialised payments platform.

Paysafe to Acquire SafetyPay

Retrieved on: 
Monday, August 16, 2021
Professional Services, Online Retail, Retail, Technology, Mobile, Wireless, Finance, Banking, Cropping system, Ecosystem, CEO, NYSE, RBC Capital Markets, Open banking, International Finance Corporation, E-commerce, LATAM, Company, Probability, Quarles & Brady, PIN, Private Securities Litigation Reform Act, USD, LLC, SEC, Travel, Acquisition, LLP, PJT Partners, Growth, Appetite, IGaming Business, Sale, Collection, Solution, Cryptocurrency, Online shopping, Financial services, Paysafe Limited, Paysafe’s eCash Division, SafetyPay, PAYSAFE LIMITED, PAYSAFE’S ECASH DIVISION, SAFETYPAY

Paysafe (NYSE:PSFE) (the company), a leading specialized payments platform, today announced that it has signed a definitive agreement to acquire SafetyPay for USD 441 million in an all-cash transaction.

Key Points: 
  • Paysafe (NYSE:PSFE) (the company), a leading specialized payments platform, today announced that it has signed a definitive agreement to acquire SafetyPay for USD 441 million in an all-cash transaction.
  • Further, with SafetyPay having established relationships with more banks in Latin America than any other payments provider, Paysafe will be uniquely positioned to capture share of the nascent open banking market by integrating further Paysafe services and solutions into the regions payments ecosystem including its digital wallet and gateway capabilities.
  • On completion of the deal, the SafetyPay team will transition into Paysafes expanding eCash and online banking solutions team which is headed up by Paysafe eCash CEO, Udo Mueller.
  • We are very excited to welcome SafetyPay into the Paysafe family.