SAN JUAN, PUERTO RICO – February 22, 2023 – EVERTEC, Inc. (NYSE: EVTC), a leading Latin American payment processing and technology company, announced today the acquisition of PAYSMART PAGAMENTOS ELETRONICOS (paySmart). paySmart is a Fintech focused on the financial and payment sector, mainly offering issuer processing services, BIN Sponsorship services and mobile solutions in Brazil.
With the paySmart acquisition, Evertec expands its presence in Latin America’s largest and fastest growing financial technology and payments market, Brazil. In addition, it strengthens its position in Brazil, by getting even closer to the local market by offering agile and efficient solutions for payment processing, complementary to the fraud processing and prevention products already present in the market. paySmart adds to Evertec more than 80 new customers in the Brazilian market, including large issuers and payment processors, digital banks, benefit card operators, acquirers and new players in the digital field.