Paysafe Acquires SafetyPay for $441M to Expand in Latin America

August 16, 2021

Paysafe (NYSE:PSFE) has agreed to acquire SafetyPay in an all-cash transaction valued at USD 441 million, strengthening Paysafe’s eCash and open banking capabilities in Latin America. The deal brings SafetyPay’s team and network into Paysafe’s eCash and open banking division to accelerate regional expansion and cross-selling opportunities across Paysafe’s payments, wallet and gateway solutions.

Buyers
Paysafe
Targets
SafetyPay
Location
California, United States
Transaction Type
Buyout

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