The Barcelona-based Payment Service Provider PayRetailers continues its strong growth trajectory in 2021.
Covid-19 as a business catalyst
Especially, the market dynamics introduced by the Covid-19 pandemic are a catalyst to the business. In every operating market, the e-commerce volume has increased since the beginning of 2020, so that processing of online purchases with digital payment options has become more popular and is likely to keep its higher volume in the future.
PayRetailers could react to the new normal early on when the signs showed an accelerated shift towards e-commerce. The company runs brick-and-mortar offices in its seven main countries of operation, with Mexico, Brazil and Chile as the countries where most of the business stems from. To be present in person and have a network of experts at hand helps with making the correct decisions quickly. In turn, PayRetailers increased spending for IT and improved the versatility of its single-API approach for the merchants to have easier access to all payment options.
Official Sponsor of CONMEBOL Sudamericana
An important milestone for the company is the ongoing sponsorship of the CONMEBOL Sudamericana football competition. PayRetailers has been chosen as the Official Sponsor and belongs to one of the few companies that support the competition from 2020 to 2022. The matches are in full swing, with the round of 16 in July. The final will be held in Montevideo at the Estadio Centenario in November 2021.
This sponsorship helps PayRetailers get more traction in South America, as the “CONMEBOL Sudamericana” is the second-largest club competition after the CONMEBOL Libertadores. Per season, PayRetailers is present at 157 matches for 56 clubs in 10 countries. This broad exposure helps to improve brand awareness, gain trust and form new partnerships in the region.
With already having one of the most complete payment solutions for the South American continent, the best network of partners and talent, PayRetailers will continue to deliver on its mission: Becoming the Payment Service Provider for Latin America.