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.