The Administrative Council for Economic Defense (CADE) and the Central Bank of Brazil (BCB) have approved PayRetailers, a leading payments processor in Latin America and Africa, to acquire Transfeera, a Brazilian fintech specializing in business payment solutions. This acquisition strengthens PayRetailers’ foothold in Brazil and enhances its capabilities in the competitive fintech ecosystem.

Strategic Access to Pix and Open Banking

Acquiring Transfeera grants PayRetailers direct access to Pix, Brazil’s real-time payment system. This move will enhance regulatory compliance and improve risk management systems. Additionally, it positions PayRetailers to explore opportunities in open banking, solidifying its presence in Brazil’s dynamic financial sector.

“Transfeera is a technological and innovative powerhouse in Brazil, aligned with best practices in risk management and security, and supervised by the Central Bank of Brazil,” stated Juan Pablo Jutgla, founder and CEO of PayRetailers.

Transfeera’s Proven Expertise

Founded in 2017 in Santa Catarina, Transfeera specializes in payment processing and bank data validation. The fintech has over 500 clients and investments exceeding R$10 million. Since becoming a regulated payment institution in 2023, Transfeera has built a reputation for delivering reliable, technology-driven solutions, which now expand PayRetailers’ offerings.

Strengthening Regional Operations

PayRetailers operates across 20+ countries, supporting over 250 payment methods via a single API. Integrating Transfeera’s expertise allows PayRetailers to enhance its competitive edge and provide secure, seamless payment solutions throughout Latin America and Africa.

“This acquisition grants us access to a diverse range of payment methods across Latin America and Africa. Together, we aim to accelerate technological innovation, delivering efficient and secure solutions to meet market demands,” said Fernando Nunes, co-founder and CEO of Transfeera.

Venturing into New Markets

Following its payment institution license from the BCB in April, PayRetailers has ambitious plans to serve Brazilian businesses starting in 2025. This acquisition also opens doors to sectors like sports betting while maintaining a strong commitment to security and quality.

“Our goal is to uphold the security and service standards we’ve always delivered while extending these benefits to new markets,” Nunes added.

This collaboration underscores PayRetailers’ leadership in fintech innovation and its role as a trusted provider of cutting-edge payment solutions across diverse markets.

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