Monday, November 4, 2024
11.9 C
New York

Aleph acquires majority stake in Argentinian PSP Localpayment

  • Aleph Holding has acquired a controlling equity interest in Localpayment, an Argentinian payment service provider focused on emerging markets.
  • Localpayment will be rebranded as Localpayment by Aleph and is expected to process $3 billion in total payment volume (TPV) annually.
  • The acquisition aims to integrate payments and media services for Aleph’s advertising clients, enabling the processing of billions of dollars in payments.
  • Initially, the new approach will be rolled out in Latin America, with plans for future expansions into Africa, the Middle East, and Asia, both organically and through acquisitions.
  • Localpayment operates in 17 Latin American countries and supports over 640 local payment methods via a single API, including card payments, bank transfers, QR code payments, and alternative methods like Pix in Brazil and Oxxo in Mexico.

Hot this week

Banking as a Service: Meaning, Examples, Benefits and Future

The push for open banking has led to a...

What is Fintech?

Fintech: A term used to refer to innovations in...

Best fintech blogs and websites

Fintech (financial technology) has been an interesting part of...

How to buy shares online

Buying shares online in India has come a long...

Is it worth investing in life insurance over 60?

Is it worth investing in life insurance over 60? As...
Exit mobile version