MIAMI - Online payment solution firm, SafetyPay landed a $7 million investment from IFC, a member of the World Bank Group. The investment will allow the company to continue to enhance and expand its solutions to financial institutions in Latin America.
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.