- 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.
Aleph acquires majority stake in Argentinian PSP Localpayment
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