Paysafe enables FuturePay’s Latin American expansion with local payments suite

Paysafe (NYSE: PSFE), a leading payments platform, has partnered with FuturePay Global Limited (“FuturePay”), a provider of cross-border payment solutions established in 2016. To support its Latin American market entry, FuturePay has integrated Paysafe’s SafetyPay solution to enable merchants to offer customers in the region bank transfers, online cash and other local payment methods (LPMs), including Pix for Brazil.

FuturePay’s single-integration payments platform, which connects global merchants’ checkouts to multiple payment solutions, has now been tailored specifically for Latin America through the addition of SafetyPay’s suite of LPMs, including bank transfers supported by 175+ banking partners across nine countries*. The bank transfer solution strengthens FuturePay merchants’ checkouts, given this payment option’s popularity among Latin Americans, especially the approximately 42% of consumers without credit cards.

Against the backdrop of an enduring cash culture in Latin America, SafetyPay will also allow FuturePay’s merchants to cater to consumers wanting to transact online while still paying in cash. Through SafetyPay’s eCash solution, customers can initiate a payment at an online checkout then complete the transaction in cash at 390K+ in-store collection points across the region.

The partnership also provides FuturePay’s merchant-base with access to SafetyPay’s suite of Paysafe-branded LPMs such as the PagoEfectivo digital wallet for Peru. In addition, the integration includes Pix, the Central Bank of Brazil’s instant payment platform that is today the country’s most popular payment method, and Boleto Bancario.

Esteban Sarubbi, Head of Latin America at Paysafe, said: “We’re delighted to support FuturePay’s entry into Latin America, where our SafetyPay solution is renowned as the region’s largest alternative and local payment method network. With SafetyPay’s bank transfer, online cash and other local payment options specifically tailored to Latin American consumers, the partnership will enable FuturePay’s merchant customers to reduce friction at their checkouts, increase customer conversions and ultimately grow and future-proof their businesses.”

Allen Cai, CEO of FuturePay Global Limited, commented: “Our partnership with Paysafe marks an important milestone in FuturePay’s expansion into Latin America. To enter the region, it was critical for us to work with a partner that combined strong local payment coverage with deep market expertise. Paysafe’s SafetyPay solution brings together trusted local payment methods across Latin America, enabling our merchants to enter the market with confidence and focus on growing their businesses, while relying on a payments infrastructure that is built for local consumers.”

About Paysafe

Paysafe is a leading payments platform with an extensive track record of serving merchants and consumers in the global entertainment sectors. Its core purpose is to enable businesses and consumers to connect and transact seamlessly through industry-leading capabilities in payment processing, digital wallet, and online cash solutions. With 30 years of online payment experience, an annualized transactional volume of $152 billion in 2024, and approximately 3,000 employees located in 12+ countries, Paysafe connects businesses and consumers across 260 payment types in 48 currencies around the world. Delivered through an integrated platform, Paysafe solutions are geared toward mobile-initiated transactions, real-time analytics and the convergence between brick-and-mortar and online payments. Further information is available at www.paysafe.com

About SafetyPay

SafetyPay, a Paysafe company since 2022, is a Latin American fintech that offers merchants an expanded range of payment methods with secure options such as bank transfers, barcode or numeric code payments (like boleto), QR payments, and cash payments through a wide network of banks and cash-collection points across Latin America.

About FuturePay

Established in 2016 and headquartered in Hong Kong, FuturePay is a one-stop fintech platform providing payment and account solutions for global merchants. FuturePay supports B2B and B2C e-commerce platforms with collection and payout account services, and delivers payment solutions to independent e-commerce sites and merchants in the digital entertainment sector.

Today, FuturePay operates through subsidiaries and offices in five countries, with local accounts and payout solutions coverage spanning 180 countries and regions worldwide, and supports merchants with access to 108 payment methods across multiple markets.

By delivering end-to-end payment solutions, FuturePay helps merchants select the most suitable
local payment methods and addresses critical challenges across the payment lifecycle — including the “last mile” of payments through reliable collection and settlement accounts. Further information is available at https://www.futurepay.global/en

For further information about Paysafe, please contact:
The Paysafe Press Office via PR@Paysafe.com

*The partnership covers: Brazil, Chile, Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Mexico, and Peru (Argentina, which is part of the broader SafetyPay Payment Network, is not currently supported).