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Payments Providers PrimeiroPay and Cybersource team up to expand access for global merchants throughout Latin America
PrimeiroPay, a cross-border online payment service provider that brings greater access to Latin America, today announced a partnership with Cybersource, Visa’s payment management platform, to better enable cross-border merchant access to Latin America’s high-growth markets.
Through this partnership, PrimeiroPay’s merchants can grow their revenue as they expand into new markets through the acquirer connectivity provided by Cybersource, while minimizing foreign exchange fluctuation risk and providing consumers with a fully local payment experience. This partnership aims to deliver merchants with fast and efficient connectivity to multiple acquirers and alternative payment methods, in high-growth markets such as Mexico, Colombia, Peru, Chile and Argentina. As payment management technology partners, PrimeiroPay and Cybersource help deliver expanded solutions, streamlined operations, and increasingly robust payment flows in complex markets.
“Latin America represents a high-potential revenue stream to merchants worldwide that many times remains untapped because of the complexity of opening local entities in such diverse countries. We eliminate this hassle. Combining PrimeiroPay’s financial and regulatory expertise with Cybersource’s groundbreaking technology, our clients benefit from an income that they wouldn’t otherwise uncover,” said Tim Werner, Founder and Managing Director at PrimeiroPay. Werner adds that the partnership reflects PrimeiroPay’s continued efforts to scale their platform and bring improved reliability, increased stability and uptime. “Combined with Cybersource’s innovative technology, our new solution helps increase merchant acceptance rates, creates redundancy, and allows for easier and quicker integration with international banking and acquiring partners across the region, every time our clients decide to launch a new market with us.”
Christian Deger, Head of Europe at Cybersource commented: “We are delighted to team up with PrimeiroPay, supporting their business goals in opening up new markets for their merchants in Latin America through our strong global network of acquirers. This is another example of how we are providing our growing ecosystem of payments partners access to Cybersource’s innovative and robust payment management platform, to help deliver flexible, creative commerce solutions to their merchants in today’s digital-first world.”
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