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PagoEfectivo (Ecuador)

EcuadorFintechFounded 2017

PagoEfectivo is an Ecuadorian fintech company that serves as a payment method for online purchases, allowing consumers to pay without using a credit card. The service operates by generating a payment code (CIP) that customers can redeem at thousands of affiliated physical stores, through internet banking, or at nearby correspondent agent locations. It primarily serves the Ecuadorian market, enabling users to choose where and how they pay for their digital transactions. The company has recently been acquired by Paysafe, a global payments technology group, indicating its established presence in the regional financial sector.

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