SulPayments Switzerland and Gamecash Mexico unite under an international holding structure to expand local payments offerings in Latin America
– 2024-04-25 19:36:51
Friborg, Switzerland (ots/PRNewswire) – Sulpayments Switzerland and GameCash Mexico have announced their consolidation under a single holding structure. This strategic move aims to exploit synergies between the two companies by combining Sulpayments’ expertise in secure and efficient payment solutions with GameCash’s strong position in the gaming industry.
Under this unified structure, both entities will maintain their distinct identities and operations while benefiting from shared resources, strategic direction and enhanced capabilities. The consolidation underlines its commitment to innovation, growth and delivering unparalleled value to customers in the overlapping areas of finance and gaming.
Gamecash, a payment pioneer based in Mexico, was founded by entrepreneur Hugo Castrejon. Gamecash facilitates seamless payment transactions in Mexico, offering a range of services including SPEI, cash payments, Oxxo and Paynet, as well as transactions with local Mexican cards that use the latest 3D Secure 2.0 protocol to ensure the highest conversion rates.
Sulpayments, a Swiss-based, fully authorized fintech company, is making significant strides in the Brazilian market by specializing in cutting-edge payment solutions and working with Brazilian partners licensed by the Brazilian Central Bank. SulPayments’ focus is on facilitating cross-border transactions through seamless USDT settlements that meet the needs of businesses in Brazil’s dynamic financial landscape. Sulpayments leverages its Swiss expertise and global network to deliver secure, efficient and compliant payment services that enable customers to navigate the complexities of international finance with ease.
Tilmar Goos, Managing Director of Sul Payments, was enthusiastic about the acquisition: “The integration of Gamecash into our holding is a crucial step in achieving our goal of expanding our presence in Latin America. With Gamecash’s experience in the Mexican market, we are now able to offer our customers comprehensive local payment solutions and USDT settlements through Sul Payments, an authorized entity in Switzerland. This move not only strengthens our presence in Mexico, but is also in line with our vision to simplify payment processes for companies across Latin America.”
Hugo Castrejon, founder of Gamecash, expressed optimism about the merger with Sul Payments: “This acquisition is a great success for us at Gamecash. After our successful exit from Banwire, we are excited to begin this new journey. With our joint efforts, we can offer unparalleled local payment solutions and USDT settlements, ensuring safe, efficient and compliant operations for our customers, as stated on our website.”
The integration of Gamecash into Sul Payments’ offering paves the way for businesses in Brazil, Mexico and beyond to accept all local payments and receive settlements in USD, EUR or USDT without the need to set up a local entity. This collaboration is another step in Sul Payments’ commitment to expand its service portfolio and provide customers with added value in the ever-evolving digital payments landscape.
