GlobalCollect has acquired Sub1, a payment service provider (PSP) in Latin America. Headquartered in Buenos Aires, Sub1 has a 70% market share in Argentina and is growing throughout the Latin America region. The acquisition facilitates GlobalCollect’s intention to expand in Latin America and further contributes to the growth and ambition of GlobalCollect to be the leading electronic PSP (e-PSP) in the region.
Thomas Staudt, chief executive officer (CEO) of GlobalCollect, said: “Sub1 provides access to almost 50 payment connections throughout the Latin American region. Being one of the broadest levels already, they continue to add more. Through this acquisition, GlobalCollect will be able to accelerate the growth and offering in its primary countries in Latin America, notably Brazil, Chile, Argentina, Mexico, Colombia and Peru, and provide full service e-commerce PSP solutions through local acquirers for all regional or global payment methods and products.”
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more