Overview of the transaction
Founded in 2011, Pago Digital is one of the leading Colombian payment gateways, providing its clients with innovative technologies and financial product suites, a clear customer focus, robust financial safeguards (such as PCI-DSS compliance) and cross border payment capabilities. The acquisition of Pago Digital bolsters PayRetailer’s position as the one of the leading Fintech payment specialists across Latin America and fits perfectly with its strategy: simplifying B2B e-commerce across the region.
Pago Digital CEO William Talero said, “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 opportunity.”
Overview of PayRetailers
PayRetailers is a payment service provider that supports a wide range of payment methods via a seamless API integration and allows global businesses to trade with consumers and increase revenue in Latin America.
For merchants looking to expand internationally across certain e-commerce verticals, a clear understanding of consumer behaviour and spending in their specific sector will be the difference between success and failure. By accepting local payment methods, PayRetailers allows anyone to make online purchases even if they do not have credit or debit cards.
Headquartered in Barcelona, PayRetailers leverages regional offices across Latin America to support its unique local expertise on the continent.
Royal Park Partners' role
Royal Park Partners acted as exclusive financial and strategic advisor to PayRetailers and its shareholders throughout this acquisition.
This transaction highlights Royal Park Partners’ extensive experience in the payments space, and supporting high-growth emerging market Fintech platforms.
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