PAY.ON AG
PAY.ON AG and allpago join forces in Latin America
PAY.ON AG / Key word(s): Internet and Multimedia/ 31.01.2011 / 13:53 PAY.ON, the leading processor for payment providers and allpago, an experienced Brazilian payment service provider, establish partnership regarding payment solutions in Latin America. PAY.ON AG, a global processor of payment transactions, announces its cooperation with allpago, a Brazilian payment service provider. allpago now employs PAY.ON processing services. allpago was founded in 2008 and is headquartered in São Paulo (Brazil) with a regional office in Hamburg (Germany). Besides local payment and risk management solutions in various Latin American countries, allpago offers value added services such as incubation, tax and legal advisory, money collection and international remittance for online businesses in Brazil. Through PAY.ON, the company is connected to over 150 payment systems throughout 5 continents and supports merchants in generating higher lead-to-sales conversion rates. With this partnership, PAY.ON and allpago not only maximise their services but also manifest their international coverage. As a global payment processor, PAY.ON connects 3-4 connectors every 4-6 weeks on average, thereby offering its clients a multitude of payment methods. PAY.ON clients include leading payment service providers, payment scheme suppliers, acquirers and risk management providers. Markus Rinderer, CEO of PAY.ON, looks forward to the cooperation: 'Latin America is an exciting market that will continue to grow over the next years, especially with the FIFA World Cup and the Olympic Games coming up. We are very happy to have allpago as an adept expert on our side. We believe they are the perfect partner in Brazil to support our strong technology and that both our companies will benefit from synergy effects.' Philipp Bock, CEO of allpago Europe, adds: 'We are delighted to have PAY.ON as a technical partner with international expertise. The strong growth of the Latin American online market together with PAY.ON's payment solution and our profound local know-how will certainly result in a very successful partnership.' About PAY.ON AG: PAY.ON AG is an internationally leading supplier of global online payment and risk management technologies, and processor of online payment transactions. The Company offers the core competencies of global outsourcing services and routing for monetary transactions, wallet solutions, risk management and monitoring services, as well as various technical back-end solutions. The global payment technologies and transaction processing of PAY.ON enable clients to serve their customers worldwide by integrating solutions that specifically meet domestic payment demands. Typical clients of PAY.ON are leading payment service providers (PSP), payment scheme suppliers, acquirers as well as risk management providers. The technology and services of PAY.ON are fully integrated into the clients' corporate design as white label. As a technology provider and expert, the Company does not serve merchants. The two core technologies of PAY.ON are PaySourcing(TM) (www.paysourcing.com), a modular platform for global payment outsourcing, and PayPipe(TM) (http://www.paypipe.com), an e-gateway for global payment routing. The technologies of PAY.ON are fully PCI-certified and occur online payments by classical as well as alternative payment methods. The system has connectors at more than 140 third-party systems and supports all major payment methods and currencies worldwide. New connectors are continuously integrated into the PAY.ON platform; on average 3-4 connectors every 4-6 weeks. PAY.ON was established in 2004 by a group of payment experts. The corporate headquarter is in Munich. The Company has subsidiaries in Salzburg, Hong Kong and Manila. www.payon.com About allpago: allpago offers a PCI certified global payment platform providing local payment solutions in Brazil that help merchants to generate higher lead-to-sales conversion rates. The company is a one-stop shop for local and international payment processing including value added services such as incubation, tax and legal advisory, money collection and international remittance for online merchants in Brazil. allpago was founded in 2008 by experts of the online payment market and international business development as well as tax and legal specialists. The headquarter is located in downtown São Paulo and in 2010 the company opened its regional office in Hamburg, improving its support to European merchants. www.allpago.com.br Media Contact PAY.ON AG: Martina Kink Tel: +49 (89) 45 230 552 martina.kink@payon.com Media Contact allpago: Franz Schönborn Tel: +55 (11) 3938 5400 fs@allpago.com.br End of Media Release --------------------------------------------------------------------- 31.01.2011 Dissemination of a Press Release, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 110527 31.01.2011
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