©Reuters. Ebury buys Brazilian international payments company Bexs
Madrid, May 11 (.).- The financial sector technology company Ebury has bought its Brazilian competitor Bexs, which will allow it to offer payment services in international electronic commerce operations in Brazil.
According to a statement sent by Ebury on Wednesday, the purchase agreement includes the businesses Bexs Banco, dedicated to currency exchange, and Bexs Pay, focused on payments.
With the purchase, the company will be able to expand its offer of international payments for SMEs and provide digital services to companies that want to sell their products online in Brazil.
It will also be able to open accounts in other countries, which allows SMEs to carry out transactions in the local currency of each market, the statement highlights.
Ebury has not disclosed the amount of the transaction, which is still pending approval by Brazilian regulators.
The CEO of Bexs, Luiz Henrique Didier Jr., will continue to direct the business in Brazil, which once the pertinent permits are obtained, will be integrated into the Ebury structure.
Bexs is a foreign exchange bank that last year carried out more than 30 million operations for an amount of about 20,000 million reais (4,000 million euros).
Ebury, a technology company specialized in international payments, collections and foreign exchange services, generates a flow of 21,000 million dollars in operations each year.