Sulpayments Switzerland and GameCash Mexico to transform payment solutions across finance and gaming sectors
In a significant move in the financial technology sector, Sulpayments Switzerland and GameCash Mexico have announced their consolidation under a single holding structure. This strategic alignment aims to harness synergies between Sulpayments’ proficiency in secure payment solutions and GameCash’s prominence in the gaming industry. The new structure will allow both companies to retain their unique brands and operations while benefiting from integrated resources and strategic cooperation.
The consolidation is designed to merge Sulpayments’ Swiss-based fintech expertise with GameCash’s innovative payment solutions in Mexico. GameCash, led by entrepreneur Hugo Castrejon, has made a mark by facilitating seamless transaction solutions including local Mexican card transactions with the latest 3D Secure 2.0 protocol. Meanwhile, Sulpayments has been carving out a significant niche in the Brazilian market by offering cutting-edge payment solutions and collaborating with partners licensed by the Central Bank of Brazil.
With this consolidation, both entities aim to amplify their impact in Latin America, combining Sulpayments’ cross-border transaction capabilities with GameCash’s deep understanding of the Mexican payments landscape. Tilmar Goos, CEO of Sul Payments, expressed enthusiasm for the acquisition: “Integrating Gamecash into our holding is a pivotal step towards expanding our footprint in Latin America. With Gamecash’s expertise and Sul Payments’ authorized Swiss framework, we can offer comprehensive local payment solutions and USDT settlements.”
Hugo Castrejon, founder of Gamecash, highlighted the significance of this merger following their successful exit from Banwire, noting, “This acquisition represents a significant achievement for us at Gamecash. Our combined efforts will enable us to offer unparalleled local payment solutions and USDT settlements, ensuring a secure, efficient, and compliant operation for our clients.”
The integration of Gamecash into Sul Payments’ strategic offerings is expected to revolutionize the way businesses in Brazil, Mexico, and potentially other regions, handle payments. By allowing local payments and receiving settlements in USD, EUR, or USDT without the need for a local entity, the companies are setting a new standard for convenience and efficiency in digital transactions.
This move is indicative of Sul Payments’ ongoing commitment to enhancing its service offerings and providing substantial value to its clients in a dynamic digital payment landscape. It also underscores a shared dedication to fostering innovation, growth, and delivering exceptional value to customers at the intersection of finance and gaming.