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Paysafe Expands in Peru with PagoEfectivo Wallet Launch
ByAinvest
Sunday, Jul 13, 2025 2:22 am ET1min read
Paysafe has expanded its digital wallet services in Peru, launching PagoEfectivo Wallet. Analysts forecast a potential upside of over 16% with a one-year average price target of $15.88. GuruFocus estimates a growth potential of nearly 39%. The company has upgraded its Peruvian eCash service to a comprehensive digital wallet, enabling users to conduct online transactions, receive payouts, transfer funds, and use payment codes.
Paysafe, a leading payments platform, has expanded its digital wallet services in Peru by launching the PagoEfectivo Wallet. This new digital wallet, the brand's first in Latin America, offers a range of features including instant fund loading, online purchases, immediate payouts from participating merchants, peer-to-peer (P2P) transfers, and code-based payments (CIP).The launch of the PagoEfectivo Wallet is a significant milestone for Paysafe, building on the success of its eCash brand in Peru. According to the company, consumers in Peru already trust PagoEfectivo for various online transactions, including iGaming, digital goods, travel, and eCommerce. The new digital wallet aims to provide a more convenient payment option, reflecting Paysafe's commitment to powering the experiential economy [1].
Analysts have forecasted a potential upside of over 16% with a one-year average price target of $15.88 for Paysafe's stock. GuruFocus estimates a growth potential of nearly 39%, indicating strong market expectations for the company's expansion into Peru [2].
The new PagoEfectivo Wallet is available initially on Google Play for Android, which accounts for 86% of Peruvian smartphone users. The app will include iOS and additional features in the future. To celebrate the launch, Paysafe is hosting the PagoEfectivo Universe, an immersive, interactive space in Lima where residents can experience the new wallet, play games, meet celebrities, and win prizes [1].
Paysafe has also announced Carlos Alcántara, a beloved Peruvian actor, as the new brand ambassador for PagoEfectivo. The nationwide campaign will roll out across various media platforms, highlighting the ease and convenience of using the new digital wallet [1].
References:
[1] https://www.businesswire.com/news/home/20250709780675/en/Paysafe-launches-PagoEfectivo-wallet-expanding-payment-options-in-Peru
[2] https://finance.yahoo.com/news/paysafe-launches-pagoefectivo-wallet-expanding-155600711.html
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