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Paysafe buys SafetyPay via a 441-million-dollar deal
Payment solution provider – Paysafe, completes its acquisition of SafetyPay – alternative ecommerce solution supplier, further expanding in Latin America.
Safety and security focused payment solution provider – Paysafe, completes major 441-million-dollar acquisition of alternative ecommerce solution supplier – SafetyPay, which provides its services throughout the entire South American region, via currently 11 partner countries.
The acquisition follows a suite of other strategic market-entrance and market-strengthening partnerships for Paysafe, including the most recent deal with the Peruvian Pago Efectivo.
Paysafe’s Chief Executive – Philip McHugh, commented on the buyout:
“I am thrilled for SafetyPay to join our family here at Paysafe, as they’ve continuously proven to be a trusted ecommerce solution provider in the Latin American market.
Via this and previous partnerships, we are aspiring to affirm our position as a leading payment supplier in the region, having in our arsenal of deals both SafetyPay and Pago Efectivo, I am confident about our mutual prosperity and success as we all grow and expand in the South American iGaming market.”
After the completion of the buyout, Paysafe will be able to supply more than 60 countries with its ecommerce solutions.
Paysafe’s chairperson – Bill Foley, also added to the sentiments:
“I cannot explain just how overjoyed we are, here at Paysafe, to have completed such fruitful additions to our arsenal of strong partners such as Pago Efectivo and SafetyPay, both of which are an excellent addition to our offering of payment solutions.”