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Evertec: Acquires commercial payments enabler PlacetoPay

Evertec: Acquires commercial payments enabler PlacetoPay

  • Evertec has acquired Colombia-based commercial payments enabler PlacetoPay for an undisclosed amount
  • The acquisition acts as a gateway for Evertec to “strengthen” its presence across markets in Colombia and Ecuador where PlacetoPay
  • PlacetoPay primarily processes transactions for more than 900 businesses in Colombia and Ecuador
  • The Puerto Rican also acquirer expects its revenues, which currently stand at an annual close of $475M
  • In July 2017, Evertec acquired Chile-based lending company PayGroup
  • Evertec also provides core bank processing, cash processing and technology outsourcing services

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