FRIBOURG, Switzerland,
April 24, 2024 /PRNewswire/ --
Sulpayments Switzerland and GameCash Mexico, have announced their
consolidation under a unified holding structure. This strategic
move aims to leverage synergies between the two companies,
combining Sulpayments' expertise in secure and efficient payment
solutions with GameCash's stronghold in the gaming industry.
Under this unified structure, both entities will maintain their
distinct identities and operations while benefiting from shared
resources, strategic alignment, and enhanced capabilities. The
consolidation underscores a commitment to innovation, growth, and
delivering unparalleled value to customers across the intersecting
domains of finance and gaming.
Gamecash a pioneering payments startup based in Mexico by its holding entity, founded by the
entrepreneur Hugo Castrejon,
Gamecash has been facilitating seamless payment transactions in
Mexico, offering an array of
services including SPEI, cash payments, Oxxo & Paynet, and
transactions with local Mexican cards employing the latest 3D
Secure 2.0 protocol to ensure the highest conversion rates.
Sulpayments, a Swiss-based fully authorized fintech firm, is
making significant strides in the Brazilian market by specializing
in cutting-edge payment solutions collaborating with Brazilian
partners licensed by the Central Bank of Brazil. SulPayments focus is facilitating
cross-border transactions by offering seamless USDT settlements,
catering to the needs of businesses operating within Brazil's dynamic financial landscape.
Leveraging its Swiss expertise and global network, Sulpayments
provides secure, efficient, and compliant payment services,
enabling clients to navigate the complexities of international
finance with ease.
Tilmar Goos, CEO of Sul Payments,
expressed his enthusiasm about the acquisition: "Integrating
Gamecash into our holding is a pivotal step towards achieving our
goal of expanding our footprint in Latin
America. With Gamecash's expertise in the Mexican market, we
are now positioned to offer our clients comprehensive local payment
solutions and USDT settlements through Sul Payments, an authorized
entity in Switzerland. This move
not only strengthens our presence in Mexico but also aligns with our vision of
simplifying payment processes for businesses across Latin America."
Hugo Castrejon, founder of
Gamecash, shared his optimism about joining forces with Sul
Payments: "This acquisition represents a significant achievement
for us at Gamecash. Following our successful exit from Banwire, we
are excited to embark on this new journey. Our combined efforts
will enable us to offer unparalleled local payment solutions and
USDT settlements, ensuring a secure, efficient, and compliant
operation for our clients, as highlighted on our website."
The integration of Gamecash into Sul Payments' offerings paves
the way for businesses in Brazil,
Mexico, and beyond to accept all
local payments and receive settlements in USD, EUR, or USDT without
the necessity of establishing a local entity. This collaboration
signifies a step forward in Sul Payments' commitment to enhancing
its service portfolio and adding value to its clients' operations
in the ever-evolving digital payment landscape.
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