After servicing the Latin American and Caribbean market from its London office for several years, on the 1st of July, Apax opened up an office in Panama City to facilitate the huge demand for its credit card processing and electronic payment products from merchants in that area.
The Panama office is specialized in offering card processing and electronic payment solutions to merchants selling mostly digital goods online in that region of the world. APAX CEO Peter Arnold states, "APAX has a worldwide credit card processing network that operates through our processing banks to provide merchants with reliable credit card processing services. We have become one of the most competitive card processing companies in the industry without compromising quality. Our organization is also a leading provider of electronic payment processing services (e.g., checks, EFT) to corporations and fulfillment companies. Within the last five years we have seen a steadily increasing demand for our products especially from online merchants of various industries. Panama and Costa Rica have become a hub for those merchants. It is a logical step for APAX to open an office in that region in order to better service our customers."