PayRetailers Acquires Paygol and Pago Digital to Bolster LATAM Market

PayRetailers, a leading LATAM FinTech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term payment specialist, said on Thursday that it acquired Chile’s Paygol and Colombia’s Pago Digital, two online payments platforms. According to the press release, as PayRetailers moves to realize the potential of e-commerce payments across Latin America, the two acquisitions increase its breadth and depth.

Digital Payment and Paygol support a variety of payment options. These capabilities strengthen PayRetailers’ card processing capabilities in Latin America.

In addition, Paygol has announced its sponsorship of Copa Chile Easy 2022; and Pago Digital has announced its sponsorship of Colombia’s premier football competition, the BetPlay DIMAYOR League. By acquiring PayRetailers, Paygol and Pago Digital gain access to the FinTech know-how, marketing resources and financial investment of PayRetailers.

“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 democratizing 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 Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term platform that will bring financial inclusion from Tierra del Fuego to Punta Gallinas,” Juan Pablo Jutgla, the Founder and CEO of PayRetailers, commented.

Reactions from Paygol and Pago Digital

Moreover, Carlos Varas, the CEO of Paygol, stated: “Paygol believes passionately in the power of local knowledge to bridge international borders. It’s an understanding that we share with PayRetailers as we now move forward together to truly unleash the potential of e-commerce businesses across LATAM.”

PayRetailers plans to expand its presence in LATAM as part of its strategic growth roadmap. Various activities are being undertaken to do this, such as expanding existing networks in key LATAM countries and expanding into Central and Latin America.

“Pago Digital was founded on a vision of simple and accessible online payments. We’ve 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 opportunities,” William Talero, Pago Digital’s CEO, pointed out.