PPRO, the cross-border e-payments specialist, is today announcing the acquisition of Latin American payments provider allpago to create the world’s leading platform for local payments. allpago is the preeminent provider of payment and gateway services in Latin America covering 90% of the market. This expansion is a transformational step for PPRO to meet its ambition of globalising the company and build upon its recent expansion into Asia-Pacific and North America.
The deal will see PPRO become a major influence in all markets globally and is adding a wealth of additional local payment methods (LPMs) to their payments offerings. By utilising allpago’s knowledge and technical integrations into LPMs, PPRO can add even more value to their customers: payment service providers and their merchants.
This acquisition is part of a wider strategy that PPRO has adopted to become a truly global platform with direct integrations into all major local payment methods worldwide, and to meet customer needs around the clock wherever they are located. The combined business will have more than 200 people with unmatched expertise in local payments and in-depth experience in key markets around the world.
Simon Black, CEO at PPRO, comments: “These are incredibly exciting times for everyone associated with PPRO and allpago. Given allpago’s proven track record of success, we are sure of a highly successful combination and we are delighted to join forces with such a fantastic team. This deal is very strategic and a real case of ‘1+1=3’.
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