SafetyPay is a non-card payment method with the largest bank network that enables online cash payments, bank transfers, and cross-border transactions for a global market of consumers.
SafetyPay operates the largest network of banks and cash collection points in Latin America with a presence in 16 countries consolidated with 380 bank partners and 180,000 collection points.
Their platform has a robust technology with an infrastructure that can support growth without significant incremental investments in it. As a multinational financial institution, SafetyPay has the mission to encourage payment inclusion to all Latam population by giving access to pay in e-commerce merchants, and enabling abroad merchants the opportunity to make cross-border sales.
In August 2021, it was announced that the payment provider Paysafe was acquiring the company for $441 million.
The company was founded as an e-commerce payment platform in 2007 by Manuel Montero.