Banco Nacional de Costa Rica forms SafetyPay partnership

Source: SafetyPay

SafetyPay, a secure payment facilitator and clearinghouse benefiting online shoppers, online merchants and banks worldwide announced it has signed an exclusive partnership with the largest bank in Costa Rica, Banco Nacional de Costa Rica (BNCR) adding one million banking customers to the SafetyPay network.

Together SafetyPay and BNCR will offer banking customers exclusive promotions and access to shop from worldwide merchants.

SafetyPay helps monetize BNCR's online banking platform by providing a secure, direct payment method to entice customers to safely shop online from their retailers of choice. SafetyPay is unique in the industry in that it links the customer directly to their online banking account and offers them maximum security and flexibility in terms of payment options. By eliminating payment processing middlemen, SafetyPay eradicates payment fraud and creates an efficient payment process for financial institutions and merchants.

The company is already established in a number of countries throughout Europe and Latin America and has a reach of more than 90 million banking customers worldwide. SafetyPay has partnered with more than 22 prominent international banks such as Citibank, Santander, ScotiaBank and BBVA/Bancomer, and more than 2,000 international retailers such as Nike and Sears.

"With SafetyPay our customers have a unique, fraud proof payment solution to purchase desired goods and services worldwide online," said Carlos Eduardo Villalta Soto of Banco Nacional de Costa Rica. "SafetyPay alleviates the issue of cross border payments, giving our customers access to merchants around the globe via a secure, viable intelligent payment solution with exclusive offers."

"Working with BNCR will allow us to improve the international ecommerce experience for its customers while enabling us to enter a growing, untapped eCommerce market," said Manuel Montero, CEO of SafetyPay. "Using SafetyPay will eliminate BNCR's customers' need to worry about currency issues, payment security and a merchant's ability to process foreign credit cards."

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