PPRO has announced the acquisition of Latin American payments provider allpago, a provider of payment and gateway services in Latin America covering 90% of the market. This expansion is a transformational step for PPRO to meet its ambition of globalising the company and build upon its recent expansion into Asia-Pacific and North America.
PPRO says that the deal will see it become a major influence in all markets globally and the company is adding additional local payment methods (LPMs) to their payments offerings. By utilising allpago’s knowledge and technical integrations into LPMs, PPRO can add even more value to their customers, payment service providers and their merchants.
This acquisition is part of a wider strategy that PPRO has adopted to become a truly global platform with direct integrations into all major local payment methods worldwide, and to meet customer needs around the clock wherever they are located. The combined business will have more than 200 people with unmatched expertise in local payments and in-depth experience in key markets around the world.
Philipp Bock, CEO and founder of allpago will become a shareholder of PPRO and together with the allpago and PPRO teams will continue to build the payments platform for global payment providers.