EVO To Acquire Payments Gateway Pago Facil


EVO Payments, which offers payment technology integrations and acquiring solutions, has agreed to acquire Pago Facil, a Chilean e-commerce payment gateway, according to a press release.

According to the press release, the takeover will be advanced through an EVO joint venture with Banco de Crédito e Inversiones (BCI) and will expand BCI's integrated payment solutions in the market. This in turn will strengthen EVO's services in the area of ​​acquiring.

James G. Kelly, CEO of EVO, said in the press release that Pago Facil “will improve our position in the market by providing us with additional gateway customers to purchase e-commerce referral partner services and integrations in order to ...

He added that the acquisition “will bring significant e-commerce expertise in product, technology, sales and support areas. E-commerce has seen tremendous growth worldwide during the pandemic, and we expect a permanent change in consumer spending habits, ”the press release reads.

Pago Facil founder Cristian Tala Sanchez said in the press release that the acquisition “will further expand our business and offer world-class e-commerce solutions in Chile and throughout Latin America. By joining forces with two leading companies, we will significantly improve our financial technology offering, which will benefit our existing relationships and enable us to acquire new customers as well. "

In related news, Greg Castro, general manager and senior vice president of EVO Payments, told PYMNTS that moving away from paper payments would not be easy. Many companies often use tools like SAP to address these challenges. He said the use of add-ons to support digital payments is important to the digital transformation of many companies.

“The authorization is recorded in the system,” he told PYMNTS. “These bills go through and then that is settled and those customer bills are matched in real time. There is no more batching or all of the other scenarios that happened in the past. "

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NEW PYMNTS DATA: CRYPTO CURRENCY PAYMENT STUDY - MAY 2021

EVO-To-Acquire-Payments-Gateway-Pago-Facil.jpg

About the course: U.S. consumers view cryptocurrency as more than just a store of value: 46 million plan to use it to make payments for everything from financial services to groceries. In the Cryptocurrency Payments Report, PYMNTS surveyed 8,008 users and non-users of cryptocurrencies in the US to investigate how they would like to use crypto for purchases, which crypto they would like to use - and how merchant adoption can affect merchant choice and consumer spending.

https://dailytechnonewsllc.com/evo-to-acquire-payments-gateway-pago-facil/

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