- Payments platform Paysafe Ltd (NYSE:PSFE) agreed to acquire Empresa Editora El Comercio S.A. subsidiary PagoEfectivo, a Peruvian alternative payments (APM) platform.
- The financial terms of the transaction remain undisclosed.
- PagoEfectivo CEO, Juan Fernando Villena, will join Paysafe under the arrangement.
- It marks Paysafe’s strategic foothold in Latin America, one of the world’s fastest-growing online markets where merchants and consumers alike demonstrate an increased appetite for alternative payment methods and online banking solutions.
- The transaction is likely to close by August end.
- Paysafe held $1.6 billion in cash and equivalents as of Mar. 31.
- Price action: PSFE shares traded higher by 3.2% at $11.14 on the last check Monday.
Mid-Southern Bancorp Q4 EPS $0.13 Up From $0.07 YoY
Mid-Southern Bancorp (NASDAQ:MSVB) reported quarterly earnings of $0.13 per share. This is a 85.71 percent increase over earnings of $0.07 per share from the same period last year.
