- 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
Popular Categories
