Paysafe, a specialised payments platform, has signed a definitive agreement to acquire PagoEfectivo, a Peruvian alternative payments (APM) platform.

For Paysafe, this latest investment is a strategic foothold in Latin America, one of the world’s fastest-growing online markets where merchants and consumers alike are demonstrating an increased appetite for alternative payment methods and online banking solutions.

Paysafe’s core purpose is to enable businesses and consumers to connect and transact seamlessly through industry-leading capabilities in payment processing, digital wallet, and online cash solutions; it offers over 70 payment types in over 40 currencies around the world.

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Source: Private Equity Wire