INSwitch Solutions has agreed to buy 100% of Micropagos S.A., dedicated to the management of payment systems in Uruguay, where its main clients are Visa, Mastercard, Oca, Creditel, Pronto, Banco Santander and Banco Itaú.
The aim with this purchase is to take the services offered by Micropagos, especially electronic purse, to most countries of the region and replicate the success in Uruguay.
INSwitch Solutions, dedicated to developing payment systems as mobile money, mobile banking and recharges, among others, is present in more than 25 countries, especially in Latin America, with expansion plans in 20 other countries.
The company recently won an international tender to supply the mobile wallet system to Banco Central de Ecuador.