Bullish indicating open at $55-$60, IPO prices at $37
LIMA - Paysafe (NYSE:PSFE), a $811 million market cap payment solutions provider with annual revenue of $1.69 billion, announced Wednesday the expansion of its PagoEfectivo brand in Peru with the launch of a new digital wallet, marking the company’s first such offering in Latin America.
The PagoEfectivo wallet will allow users to load funds, make online purchases, receive instant payouts from participating merchants, transfer money peer-to-peer, and make payments using a code system.
According to a company survey cited in the press release, 81% of Peruvian consumers indicated they would use a digital wallet from PagoEfectivo, which has already established itself in the Latin American eCash payments market.
"With the launch of our new digital wallet, we’re giving them a more convenient way to pay," said Bruce Lowthers, CEO of Paysafe.
The company has appointed Peruvian actor Carlos Alcántara as brand ambassador for a nationwide marketing campaign across television, digital platforms, and outdoor advertising.
To promote the launch, Paysafe is hosting an interactive experience called "PagoEfectivo Universe" in Lima from July 10 to 26, where visitors can simulate payments through the app and participate in various activities.
The digital wallet is initially available on Google Play for Android devices, which according to the company represents 86% of Peruvian smartphone users, with iOS compatibility planned for future release.
Paysafe, which processes an annualized transaction volume of $152 billion as of 2024 and employs approximately 3,000 people across 12 countries, connects businesses and consumers across 260 payment types in 48 currencies worldwide, according to the press release statement. InvestingPro analysis indicates the stock is currently trading below its Fair Value, with analysts expecting net income growth this year. For deeper insights into Paysafe’s financial health and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Paysafe Limited announced its first quarter revenue results, which fell short of analyst expectations, reporting $401 million compared to the anticipated $404.32 million. Despite this, the company issued an optimistic outlook for the full year 2025, forecasting revenue between $1.71 billion and $1.73 billion, aligning closely with analyst projections of $1.72 billion. Paysafe also provided guidance for adjusted earnings per share for the year, expecting between $2.21 and $2.51, which slightly varies from the consensus estimate of $2.41. The company noted a 4% decline in revenue year-over-year but highlighted a 5% organic growth when excluding the effects of dispositions and currency changes, driven by strong e-commerce volumes. Adjusted earnings per share for the quarter were reported at $0.34, missing the expected $0.47. The company reported an adjusted EBITDA of $95.2 million, marking a 15% decrease from the previous year. Paysafe also completed the sale of its direct marketing business as part of its efforts to streamline operations. CEO Bruce Lowthers emphasized the company’s strong momentum and leaner operational model, anticipating accelerated growth in the latter half of the year.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.