Founded to serve the large population of online shoppers who do not have a credit card, SafetyPay established itself as a leading payment solutions provider in Latin America. The company's core service is facilitating secure, real-time digital payments directly from consumers' bank accounts or via cash collection points, eliminating the risk of fraud and chargebacks for merchants. In August 2021, SafetyPay was acquired by the specialized payments platform Paysafe for $441 million and has since been integrated into Paysafe’s eCash and online banking solutions division, expanding its global footprint.