allpago Launches Colombian Office and Publishes Insight Report on the Market at Money20/20 Conference

BERLIN, GERMANY (28 October, 2015) To reinforce its commitment to developing Latin American e-Commerce through pioneering payment solutions, allpago launches its Colombian office and publishes exclusive report on Colombia during Money20/20.

With the brand new office in Bogotá and the start of the payment processing expected by December 2015, allpago will provide its merchants with access to 75% of the entire e-Commerce volume in Latin America (Brazil, Mexico and Colombia). The main Colombian payment methods to be offered are Credit Cards, Botón PSE and Vía Baloto.

The Money20/20 Conference, which started on October 25, is taking place at the Venetian, Las Vegas. Both Philipp Bock, allpago’s CEO & Founder, and Guilherme Dogliani, Managing Director Brazil, are at allpago’s booth (#K25), explaining how the company helps its partners and clients expand their businesses in LATAM.

allpago is also publishing its Insight Report on the Colombian Card Not Present Landscape to explain the opportunities and challenges of the local market. With a growing middle class and rapid developments in the e-Commerce sector, Colombia has become an attractive opportunity for international merchants. Currently the fifth largest market in Latin America, Colombia’s B2C sales have a CAGR of 18% until 2018.

Philipp Bock, allpago’s CEO & Founder, said: “Opening Colombia is an important milestone for allpago in Latin America as this allows us to offer our merchants with access to most of the e-Commerce market in the region. We couldn’t have chosen a better occasion than Money20/20 to share the launch of our operations and payment processing in Colombia. We are looking forward to this new window of opportunities and we would like you to join allpago on this new journey.”

About allpago

allpago is the leading payment provider for the LATAM region. allpago provides the most relevant local payment methods through one API and one single platform. allpago offers the best conversion rates ensuring state-of-the-art technology and legal advice necessary for a successful e-Commerce operation in Latin America.

allpago enables start-ups to Fortune 500 companies to offer the necessary local payment methods in the Latin American market, which account for around 80% of their revenues. Current clients include Art.com, Intel Security McAfee, Paylogic, Sumup, Teamviewer and many other leading payment and digital companies.