EVERTEC Closes the Acquisition of Brazilian Payments Company paySmart

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Feb 22, 2023

EVERTEC, Inc. (NYSE: EVTC) (“EVERTEC” or the “Company”) today announced that it acquired 100% of Paysmart Pagamentos Eletronicos Ltda (“paySmart”). Headquartered in Porto Alegre, Brazil, paySmart provides issuer processing services and BIN Sponsorship services for prepaid programs under domestic and international schemes in Brazil. The aggregate purchase price is R$130 million, approximately USD$25 million at current exchange rates.