Munich / São Paulo, 31.01.2011

PAY.ON and allpago join forces in Latin America

PAY.ON AG, a global processor of payment transactions, announces its cooperation with allpago, a Brazilian payment service provider. allpago now employs PAY.ON processing services.

allpago was founded in 2008 and is headquartered in São Paulo (Brazil) with a regional office in Hamburg (Germany). Besides local payment and risk management solutions in various Latin American countries, allpago offers value added services such as incubation, tax and legal advisory, money collection and international remittance for online businesses in Brazil. Through PAY.ON, the company is connected to over 150 payment systems throughout 5 continents and supports merchants in generating higher lead-to-sales conversion rates.

With this partnership, PAY.ON and allpago not only maximise their services but also manifest their international coverage. As a global payment processor, PAY.ON connects 3-4 connectors every 4-6 weeks on average, thereby offering its clients a multitude of payment methods. PAY.ON clients include leading payment service providers, payment scheme suppliers, acquirers and risk management providers.

Markus Rinderer, CEO of PAY.ON, looks forward to the cooperation: “Latin America is an exciting market that will continue to grow over the next years, especially with the FIFA World Cup and the Olympic Games coming up. We are very happy to have allpago as an adept expert on our side. We believe they are the perfect partner in Brazil to support our strong technology and that both our companies will benefit from synergy effects.”

Philipp Bock, CEO of allpago Europe, adds: “We are delighted to have PAY.ON as a technical partner with international expertise. The strong growth of the Latin American online market together with PAY.ON´s payment solution and our profound local know-how will certainly result in a very successful partnership.”