Our History

SafetyPay operates the largest network of banks and cash collection points in Latin America, the result of 10+ years effort, with presence in 16 countries consolidated with 380 bank partners and 180,000 collection points.

Our platform has a robust technology with an infrastructure that can support growth without significant incremental investments in it. As a multinational financial institution, SafetyPay has the mission to encourage payment inclusion to all Latam population by giving access to pay in e-commerce merchants, and enable abroad merchants the opportunity to make cross border sales.

Today

Largest Payment Network

2014

Long term positioning

SafetyPay developed and implemented a business plan with focus on the positioning of the company for long-term growth implementing strategic initiatives as:

  • Consolidating the largest non-card payment network that enables cash payments, bank transfers and crossborder transactions to purchase online.
  • Focusing on greater scale and penetration in Latin America and Europe.
  • Developing new Cash solutions.
  • Stablishing new agreements with banks, retail networks, PSPs and gateways.
  • Partnering with high-growth vertical entities oriented towards the industry, with exposure to cross-border e-commerce and large revenues.
  • Expanding B2B and B2C transactions.

The company was founded as an e-commerce payment platform to enable alternative payment methods, with a focus on cross-border transactions. As a multinational financial institution, SafetyPay has the mission to encourage payment inclusion to all Latam population by giving access to pay in e-commerce merchants, and enable abroad merchants the opportunity to make cross border sales.

SafetyPay conception has a twofold argument:

Shoppers

  • Democratize e-commerce and make it a feasible reality for unbanked consumers, allowing them to place orders and pay for them with cash or bank transfer.
  • Reduce the online fraud risk, protecting consumer bank information.
  • Enable consumers to shop from merchants worldwide and pay directly from their bank accounts and in local currency.

Merchants

  • Enable incremental sales by processing payments of unbanked and international consumers.
  • Reduce the number of chargebacks.

2017

SafetyPay is born