Aleph Holding has acquired a controlling equity stake in Localpayment, an Argentinian payment service provider (PSP), focusing on emerging markets. The terms of the deal were not disclosed, but this acquisition is expected to significantly boost Localpayment’s operations, which currently processes $3 billion in total payment volume (TPV) annually.
The UK-based Aleph Holding plans to rebrand the platform as “Localpayment by Aleph” and integrate it into its offerings for clients in the advertising industry, enabling the firm to process billions of dollars in payments for media transactions.
According to Gaston Taratuta, CEO of Aleph, the first rollout of this integrated platform will begin in Latin America, with further expansions planned for Africa, the Middle East, and Asia. This expansion will be achieved both organically and through additional acquisitions, though the timeline has not yet been confirmed.
Operating in 17 Latin American countries, Localpayment offers a robust payment infrastructure, supporting over 640 local payment methods via a single API. These methods include card payments, bank transfers, instant payments, and alternative payment systems like Pix in Brazil and Oxxo in Mexico.
