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PayRetailers Acquires Paygol and Pago Digital to Bolster LATAM Market
Abstract：PayRetailers, a leading LATAM FinTech 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.
LATAM e-commerce market is worth $85 billion approximately.
Pago Digital is the official sponsor of the Colombian premier soccer league.
Digital Payment and Paygol support a variety of payment options. These capabilities further 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 Colombias 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. Todays 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,” Juan Pablo Jutgla, PayRetailers founder and CEO, commented.
Reactions from Paygol and Pago Digital
Moreover, Carlos Varas, CEO of Paygol, stated: “Paygol believes passionately in the power of local knowledge to bridge international borders. Its 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.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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