SafetyPay Inc.
SafetyPay Inc. is an e-commerce business allowing payments to be made through the Internet. It functions as a clearing house between banks, merchants and shoppers. SafetyPay performs payment processing for electronic retailers, brick and mortar business and also make online money transfers. For every transaction it charges a preaccepted fee. The company was founded in 2006 by a group of former American Express executives led by Manuel Montero and Barbara Bibas. Its corporate headquarters are in Miami Beach, Florida and it has offices in Latin America and in Europe.
SafetyPay Inc. started in South America, which is interesting taking into consideration the low e-commerce transactions rate relative to the population in the continent. The company made contracts with some of the most dominant banks in Latin America such as Banrisul (largest bank in South Brazil) and Interbank (Peru). The early success in South America served as a steppingstone for the company to enter the European market. The admission to the European market followed some legislative obstacles but SafetyPay made it through contracts with big banks in Europe as well such as HSBC, Banco Santander in Spain, BAWAG P.S.K (fourth largest in Austria).
(1) http://www.safetypay.com/CorporateSite/language/en/Home.aspx