IFC Invests $7 Million in SafetyPay to Expand Online Payment Services in Latin America

Originally posted on PRWeb.com http://www.prweb.com/releases/IFC/SafetyPay/prweb10912567.htm

FC, a member of the World Bank Group, is investing $7 million in SafetyPay, a company that through itssecure payment system gives people in Latin America access to the lower prices and increased efficiency of online commerce.

SafetyPay enables consumers who may not have a credit card to buy online goods and services using their bank account. Merchants who use the system benefit from an expanded customer base and SafetyPay’s low transaction fees. Banks can offer their customers an attractive new service and generate revenues from their online banking facility, without any additional investment.

“In many developing countries people do not have access to credit cards and have—until recently—not been able to make online purchases,” said SafetyPay CEO Manuel Montero. “With the financial support of investors such as IFC, we are continuing our aggressive growth strategy to partner with banks and companies to give more consumers in Latin America access to our services.”

SafetyPay, headquartered in Florida, was launched in Peru in 2007 and is active in Mexico, Costa Rica, Brazil, and Colombia. The company currently has partnerships with 84 banks in Latin America, and with many of the region’s leading firms, including Groupon, Peruvian Airlines, Volaris Airlines, and Despegar.

“Online commerce increases price transparency, lowers transaction costs, and enhances export opportunities,” said Kent Lupberger, IFC Global Head of Telecommunications, Media, and Technology. “SafetyPay is playing an important role in giving more people access to online commerce, and we look forward to supporting their continued growth.”

Latin America has a fast growing e-commerce market. Total online retail sales in the region grew from $8 billion in 2006 to $43 billion in 2011, with an average annual growth rate of 41%.

About IFC
IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. We help developing countries achieve sustainable growth by financing investment, mobilizing capital in international financial markets, and providing advisory services to businesses and governments. In FY12, our investments reached an all-time high of more than $20 billion, leveraging the power of the private sector to create jobs, spark innovation, and tackle the world’s most pressing development challenges. For more information, visithttp://www.ifc.org.

About SafetyPay
SafetyPay is a real time online-banking payment solution that enables hundreds of millions of consumers to shop from merchants worldwide and pay directly from their bank account in their local currency. The SafetyPay solution is available in the USA, Europe, Canada and Latin America. SafetyPay guarantees no fraud and no chargebacks while supporting mobile, call center applications, e-invoices, pay-outs and promotions. To learn more about SafetyPay, visit http://www.safetypay.com.

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SafetyPay Speaks on Role of Payments at UATP Airline Distribution Conference

Originally posted on PR Web: http://www.prweb.com/releases/2013/4/prweb10668989.htm

SafetyPay™, the real time online-banking payment solution that enables consumers to shop from merchants worldwide and pay directly from their bank account in their local currency, was honored to send Vice President of Sales, Sandra Feinberg, to participate as a panel speaker at the 2013 UATP Airline Distribution Conference in Miami, FL recently on April 18th.

Feinberg spoke with six other presenters on how payment strategy can help increase the likelihood of distribution success. Also participating were representatives from Lufthansa AirPlus, Telchar B.V. Payment Fraud Consultancy, WorldPay, GlobalCollect, Southwest Airlines and Delta Air Lines.

The panel’s discussion lasted about 45 minutes, and was moderated by K. David Holmes, VP Global Sales for UATP. The speakers presented, discussed and responded to audience questions regarding payments, the largest distribution cost for airlines. They provided information and observations regarding the roles that fraud, credit cards, alternative payments and more play in payment strategies and successful distribution plans.

The panel emphasized the need for a wide-ranging payment strategy that balances customer preference with airline financial requirements. “In many developed and developing markets around the world, the costs and limits of using credit cards are costing airlines high fees and lost business opportunities,” said Feinberg. “Airlines need to enable customers to purchase online using real-time bank transfers and even cash to reach a broader market and protect themselves from fees and fraud.”

About UATP
UATP is a comprehensive payment solution that airlines offer to reduce the high cost of credit card use and provide important data for accurate travel management. It’s a low-cost option, void of high costing merchant service fees, currency conversion fees, and government and policy induced fees. UATP’s corporate program and data tools, DataStream and DataMine, supply Level III Data for all air and rail travel, and folio-level data for hotel stays. For more information, visit UATP.com

About SafetyPay
SafetyPay is a real time online-banking payment solution that enables hundreds of millions of consumers to shop from merchants worldwide and pay directly from their bank account in their local currency. The SafetyPay solution is available in the USA, Europe, Canada and Latin America. SafetyPay guarantees no fraud and no chargebacks while supporting mobile, call center applications, e-invoices, pay-outs and promotions. To learn more about SafetyPay, visit http://www.safetypay.com.

For more information contact: Sasha Hernandez 786-294-6411 ext. 252 shernandez(at)safetypay(dot)com

SafetyPay at FinovateSpring 2010 Conference [VIDEO]

SafetyPay, the safe Internet payment solution, was selected to showcase its proprietary product at FinovateSpring 2010 on May 11th in San Francisco. FinovateSpring 2010 showcased the most cutting-edge financial and banking technology innovations to Silicon Valley and the world. With Finovate’s signature mix of short, fast-paced onstage demos (no slides allowed) from handpicked companies and intimate networking time with their executives, this conference packs a ton of unique value into a single day.

The following video showcases SafetyPay’s onstage demo at FinovateSpring 2010:

About SafetyPay

SafetyPay is a global, safe and secure e-payment solution that enables online banking customers to shop from merchants worldwide and pay directly through their online bank account in local currency. Customers are never required to disclose any personal financial information neither to the merchants nor to SafetyPay, and all payment transactions are done securely from within the bank’s online environment.

For more information, please visit www.safetypay.com.

About Finovate Events

Finovate events are the first demonstration-based conferences for the financial and banking technology industries. With annual conferences each spring in San Francisco and each fall in New York, the Finovate Series offers a chance for leading industry professionals to explore the future of finance in a fast-paced and unique environment.

For more information, please visit www.finovate.com.