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
