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home / news releases / EVTC - Evertec acquires Brazilian payments firm paySmart

EVTC - Evertec acquires Brazilian payments firm paySmart

Evertec Inc.

  • Evertec ( NYSE: EVTC ) said Wednesday it acquired Paysmart Pagamentos Eletronicos for R$130M, or ~$25M at current exchange rates.
  • Headquartered in Porto Alegre, Brazil, paySmart provides issuer processing services and BIN Sponsorship services for prepaid programs under domestic and international schemes.
  • "The acquisition of paySmart helps us accelerate our expansion in Brazil and compliments our current product offering in this important market," said Evertec ( EVTC ) CEO Mac Schuessler.
  • Earlier, Evertec ( EVTC ) declared $0.05 quarterly dividend .

For further details see:

Evertec acquires Brazilian payments firm paySmart
Stock Information
Company Name: Evertec Inc.
Stock Symbol: EVTC
Market: NYSE
Website: evertecinc.com
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