Sipay Plus, a gateway focused on electronic payment innovation, will combine its technology with the solutions of MIT, a company based in Mexico with extensive coverage in the Americas.

Both companies have decided to exchange their technological capabilities and expertise in the payments industry to maximize synergies between their platforms, offering a more complete service and increasing the scope of their operations globally.

This alliance is based on an exchange of technology between the Sipay and MIT platforms, complementing each other to provide the market with more complete payment solutions and a wider geographic coverage. In this way, both companies will generate a greater service capacity for their international clients, who will be able to take advantage of all the synergies generated, as well as greater global competitiveness and economies of scale, with the consequent savings in operating costs for their businesses.

José Luis Nevado, CEO and founder of Sipay, expresses his enthusiasm with the agreement and comments: “The signing of this strategic alliance with a company like MIT will help us greatly to enhance our international presence and expand the scope we are able to cover within the payments value chain. Thanks to the collaboration, we will be able to add to our current geographical coverage, focused on Europe, the United States and Latin America, a greater specialization in the American continent, especially in Mexico, thus providing a more global and complete service. In an environment where borders are blurring and merchants are expanding their operations internationally, this broader geographic reach will make us more competitive in the industry”.

Juan Carlos Viramontes, CEO of MIT, expressed his delight at this new project: “An agreement like this will take both companies one step closer to success, creating important synergies and generating multiple opportunities for both companies and merchants in the markets in which they currently operate. We have no doubt that this alliance will be far-reaching and beneficial for both companies”.

About MIT:

MIT is a Mexican company consolidated as an important payment processor in Latin America, whose objective is to facilitate the receipt of card payments by merchants in all their commercial channels, adapting to their business model and guaranteeing a highly secure environment and total availability. They currently process more than 26 million transactions per month for more than 22,000 companies with more than 100,000 points of sale nationwide. In addition, they are PCI DSS certified, which ensures maximum security and transaction protection.

About Sipay:

Sipay is a payment gateway specialized in the development of intelligent and innovative solutions for commerce, adapted to each sector and business, both at the physical point of sale and online. The company has more than 25 years of experience in the field of payment methods that allow it to know and advise each client to bring the greatest value to their business. Sipay has obtained the PCI DSS certification in its latest version 3.2.1, for 24 of its products and solutions, being this the highest security standard in the payment means sector. Among its clients it has references in the tourism, fashion, leisure, and insurance markets and has the capacity to operate in more than 70 countries.

For more information about the alliance, do not hesitate to contact Sipay’s Communication Department (comunicacion@sipay.es) or MIT’s Sales Department (commercial_2019@mitec.com).