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

Institutional FX

Binance delivers pricing and trading over MT4/5 with oneZero integration

Binance’s VIP & Institutional unit today announced a partnership with oneZero Financial Systems, a global multi-asset class software and infrastructure provider for institutional and retail brokers.

Institutional FX

BNY Mellon to leverage Baton System’s CCP network on its ECPO service

“The union of Baton’s extensive CCP connectivity with the ground-breaking functionality of BNY Mellon’s ECPO service forms a powerful offering to cleared derivatives market participants.”

Institutional FX

NYSE and Tel Aviv Stock Exchange to promote dual listings

“This major step is intended to foster collaborations between the two exchanges and to encourage the dual listing of Israeli companies in their home market and on the NYSE.”

Technology

TT’s KRM22 selected as risk technology partner of Chicago-based RCM

“Broad product coverage and effective risk analytics performance are essential to proper implementation of risk management and risk analysis.”

Industry News

DXtrade FX/ CFD Platform Integrated with Your Bourse for Turnkey Liquidity

DXtrade brokers received access to 30+ major banks and Tier 2 liquidity providers with Your Bourse.

Executive Moves

Wave hires Harumi Urata-Thompson as CFO of SEC-regulated crypto investment company

“With extensive experience leading teams across both the traditional finance and digital asset sectors, Harumi is well-equipped to provide our team with the immediate strategic insights needed to optimize our financial operations. She is a fantastic addition to our team as we continue to strengthen our position as one of the leading digital asset managers and to deliver sophisticated financial services to our clients.”

Retail FX

TRADE.com enters United States as brokerage obtains license from FINRA

“We intend to be fully operational as a brokerage house in the U.S. by the end of H1 2023 and look forward to forging long term relationships with new business partners and clients.”

Technology

Pico launches Corvil Cloud Analytics as trading industry moves into cloud

“Since Corvil Cloud Analytics is software only, this accelerates our deployments and also provides an expedited avenue for proof-of-concept use cases. It’s now easier than ever for clients to access the platform so they can see firsthand what makes Corvil an industry leader in data analytics.”

Executive Moves

Finalto recruits Antony Parsons as head of liquidity

Finalto, the financial trading division of Gopher Investments, is making a broader push into the liquidity provision space, culminating in a new appointment focused on expanding the business into new markets.

<