PayRetailers continues its strong growth in 2021

FinanceFeeds Editorial Team

The Barcelona-based Payment Service Provider PayRetailers continues its strong growth trajectory in 2021. 

Covid-19 as a business catalyst

Especially, the market dynamics introduced by the Covid-19 pandemic are a catalyst to the business. In every operating market, the e-commerce volume has increased since the beginning of 2020, so that processing of online purchases with digital payment options has become more popular and is likely to keep its higher volume in the future.

PayRetailers could react to the new normal early on when the signs showed an accelerated shift towards e-commerce. The company runs brick-and-mortar offices in its seven main countries of operation, with Mexico, Brazil and Chile as the countries where most of the business stems from. To be present in person and have a network of experts at hand helps with making the correct decisions quickly. In turn, PayRetailers increased spending for IT and improved the versatility of its single-API approach for the merchants to have easier access to all payment options.

Official Sponsor of CONMEBOL Sudamericana

An important milestone for the company is the ongoing sponsorship of the CONMEBOL Sudamericana football competition. PayRetailers has been chosen as the Official Sponsor and belongs to one of the few companies that support the competition from 2020 to 2022. The matches are in full swing, with the round of 16 in July. The final will be held in Montevideo at the Estadio Centenario in November 2021.

This sponsorship helps PayRetailers get more traction in South America, as the “CONMEBOL Sudamericana” is the second-largest club competition after the CONMEBOL Libertadores. Per season, PayRetailers is present at 157 matches for 56 clubs in 10 countries. This broad exposure helps to improve brand awareness, gain trust and form new partnerships in the region.

With already having one of the most complete payment solutions for the South American continent, the best network of partners and talent, PayRetailers will continue to deliver on its mission: Becoming the Payment Service Provider for Latin America.

Read this next

Digital Assets

Coinbase CEO says Chase UK’s ban on crypto “totally inappropriate”

Coinbase CEO Brian Armstrong criticized Chase UK’s decision to restrict cryptocurrency-related transactions in the UK. He called the move “totally inappropriate” and expressed his disagreement with the bank’s decision to ban its UK customers from conducting debit card or wire transfers related to cryptocurrencies.

Digital Assets

Binance CZ refutes any connection with CommEX

Changpeng “CZ” Zhao, the founder and CEO of Binance, has denied being the owner of CommEX, the company that reportedly acquired Binance’s business in Russia.

Institutional FX

Refinitiv’s spot FX volumes hit 8-month low

Refinitiv, the former Financial and Risk business of Thomson Reuters, today reported that the average daily volumes (ADV) of currency trading were $424 billion last month on the company’s main FX trading services.

Executive Moves

Integral hires industry veteran Paul Arnold as liquidity manager

Integral, a technology provider to the financial markets’ buy-side, has appointed Paul Arnold, a highly experienced FX industry professional, as its liquidity manager, according to information made public on his Linkedin profile.

Digital Assets

Terraform’s Do Kwon challenges US extradition request

Do Kwon, the crypto entrepreneur and former CEO of Terraform Labs, is opposing the U.S. Securities Exchange Commission’s request to question him about the crash of his company’s stablecoins Terra and Luna.

Digital Assets

Coinbase gets nod to offer futures for retail customers

Coinbase International Exchange has received regulatory approval from Bermuda’s financial regulator, the Bermuda Monetary Authority (BMA), to allow eligible non-US retail customers to trade perpetual futures contracts.

Inside View

How brokers can win the trading tech wars: Insights from iFX EXPO 2023

Last week’s iFX EXPO International 2023, held at the City of Dreams Mediterranean Integrated Resort in Limassol, Cyprus, welcomed a series of insightful discussions. A panel that particularly stood out focused on the role and evolution of trading technology.

Crypto Insider

Web3 Transformation: Radix’s Babylon Update Redefines User and Developer Engagement

Radix Publishing leaps forward in the decentralized world with the release of the Babylon mainnet upgrade, bridging the gap between innovative tech and user-friendly DeFi experiences.

Digital Assets Joins Forces with PayPal and Paxos for Enhanced PYUSD Exchange Experience collaborates with PayPal and Paxos to fortify its position as the premier exchange for PYUSD, marking a significant milestone in the global crypto landscape.