PayRetailers takes over Transferera – ThePaypers

PayRetailers has announced the acquisition of payments company Transfeera, aiming to accelerate the expansion of its operations in Brazil.

Following this announcement, the transaction remains subject to approval by the Administrative Council for Economic Defense (CADE) and the Central Bank of Brazil and is part of PayRetailers’ overall growth strategy in the region. The company received a license from the Central Bank of Brazil to operate as a payment institution (IP) in April 2024.

Additionally, both financial institutions will focus on meeting customer needs, preferences and demands in an ever-evolving market, while prioritizing compliance with local industry regulatory and legal requirements.

More information in the announcement

PayRetailers represents a global company that focuses on payment processing in the Latin American and African regions. The company’s overall strategy is to offer complete e-commerce solutions, covering the entire process of international and cross-border transactions without the need for a local entity. Additionally, PayRetailers enables access to multiple local payment methods through a single API, a secure advanced technology platform, and commercial contracts.

Throughout the duration of this transaction, Transfeera is expected to continue to provide its services as normal and will also become part of the PayRetailers group upon closing of the transaction. This process aims to strengthen its technological capabilities and accelerate the overall development process.

Following this announcement, PayRetailers will focus on announcing new acquisitions in other continents in the future as it aims to consolidate its strategy of providing customers with secure, efficient and fast payment methods.

Transferera will continue to provide platforms and technology solutions for payment processing and banking data validation, striving to maintain compliance with efficient and secure industry practices as an entity supervised by the Central Bank of Brazil. The company will gain access to extensive specialist knowledge in the development and offering of banking products, while having the opportunity to accelerate the process of building competitive advantages on the market. The purpose of the transaction is to further develop the company’s technological development, while providing customers with safe and optimized products.