Landmark Alantra acted as financial advisor of Empresa Editora El Comercio (BVL:ELCOMEI1) in sale of PagoEfectivo to Paysafe (NYSE:PSFE).
PagoEfectivo is the leading alternative payment platform in Peru and Ecuador. It was founded in Lima in 2009 as a subsidiary of Empresa Editora El Comercio, the largest mass media group in Peru. The company has achieved strong growth rates in recent years, a process further deepened by the recent expansion of the ecommerce industry in Latin America. The platform works through a reference payment code, which can be paid by the end user through either online/mobile banking or in person at over 140,000 points of sale and bank agencies in Peru and Ecuador.
Paysafe is a leading specialized payments platform enabling businesses and consumers to connect and transact seamlessly through industry-leading capabilities in payment processing, digital wallet, and online cash solutions, offering 70 payment methods in more than 40 currencies globally.