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Paysafe says the acquisition will boost its presence in Latin America, SafetyPay’s majority market. It builds on the firm’s recent deal with Peruvian platform PagoEfectivo. The firm says its double acquisition sets it apart as “the leading open banking and e-cash solutions provider in Latin America”.
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Philip McHugh, CEO of Paysafe, says the new acquisition has successfully built “a market-leading payment platform” that has become “the de facto open banking solution for Latin America”.
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