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Aleph, a global leader in the ecosystem of digital experts and technology-driven solutions that fosters the growth of the global digital marketing landscape, has announced its acquisition of controlling equity interest in Localpayment, a rapidly expanding Payment Service Provider PSP in Latin America. By merging first-class digital advertising solutions with seamless local payment capabilities, Aleph creates an organic network effect, solidifying its position as the pioneer at the intersection of digital advertising and fintech ecosystems.
This strategic move empowers Aleph to leverage exclusive relationships with leading digital platforms including Amazon, Google, Snapchat, Spotify, TikTok, Uber, X, among others, along with a robust network of more than 26,000 advertisers, digital natives, online retlers and other businesses. As a result, Aleph can now process billions of dollars in payments for its clients, effectively becoming the sole player offering a comprehensive suite of services that combines top-tier digital advertising capabilities with streamlined payment solutions.
The alliance between Aleph and Localpayment enhances the company's ability to drive significant revenue for major digital platforms across 130+ emerging and high-growth markets worldwide. Together, they anticipate the fintech market in Latam alone will reach $1.4 trillion by 2028.
Localpayment, now rebranded as Localpayment by Aleph, is a pioneer in Latin America with an API integration covering 17 countries supporting pay-in and pay-out via more than 640 local payment methods including creditdebit cards, bank transfers, instant payments, QR codes, digital wallets, and regional Alternative Payment Methods APMs like PIX and Boleto.
Amar Sawhney, CEO of Aleph, sd: We are delighted to welcome Localpayment to the Aleph family. This acquisition marks a significant milestone in our journey, enabling us to expand our global footprint even further while providing enhanced value to our clients.
Mauricio Calvo-Pena, CEO of Localpayment, added: Joining forces with Aleph presents an exciting opportunity for us to scale up and tap into the vast potential offered by Aleph's network of platforms, brands, and retlers. We're thrilled about this new chapter in our journey, which we believe will significantly accelerate our growth trajectory.
In , this acquisition exemplifies Aleph's commitment to innovation and its dedication to empowering businesses worldwide with advanced digital marketing solutions that also integrate secure and reliable payment options.
For more information on Aleph and Localpayment:
Contact:
Amar Sawhney
Eml: [email protected]
Mauricio Calvo-Pena
Eml: [email protected]
This article is reproduced from: https://financialit.net/news/payments/aleph-acquires-controlling-equity-interest-localpayment-and-targets-14-trillion
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Global Digital Marketing Network Expansion Aleph Localpayment Strategic Partnership Latin American Fintech Market Integration Seamless Payments and Advertising Solutions Alephs Worldwide Platform Growth Strategy Combined Digital AdvertisingPayment Services