SAN JUAN, PUERTO RICO – February 22, 2023 – EVERTEC, Inc. (NYSE: EVTC), a leading Latin American payment processing and technology company, announced today the acquisition of PAYSMART PAGAMENTOS ELETRONICOS (paySmart). paySmart is a Fintech focused on the financial and payment sector, mainly offering issuer processing services, BIN Sponsorship services and mobile solutions in Brazil.
"Aware of the importance of the Brazilian market and the relevance of Fintech’s in the payments industry, due to their capacity for innovation and agility, the acquisition of paySmart complements our existing technology and product portfolio in Brazil, accelerating the expansion of our offering and presence in this market. Furthermore, we are proud to welcome to Evertec a company like paySmart that shares our passion for bringing cutting-edge technology and digital solutions to the payment ecosystem."
"Since paySmart was founded, we have been working to simplify the payments market, helping dozens of companies connect to the global payment ecosystem, always focused on delivering excellent service, support, agility, and high performance. We are excited to announce this next chapter in paySmart's history, now as part of Evertec, and excited about the possibilities this brings us to drive paySmart's technology in Latin America and the world and to increase Evertec's presence in Brazil."
With the paySmart acquisition, Evertec expands its presence in Latin America’s largest and fastest growing financial technology and payments market, Brazil. In addition, it strengthens its position in Brazil, by getting even closer to the local market by offering agile and efficient solutions for payment processing, complementary to the fraud processing and prevention products already present in the market. paySmart adds to Evertec more than 80 new customers in the Brazilian market, including large issuers and payment processors, digital banks, benefit card operators, acquirers and new players in the digital field.