EVERTEC

What EVERTEC does

EVERTEC is a Latin American and Caribbean financial technology and transaction processing company, headquartered in San Juan, Puerto Rico, with operations spanning 26+ countries across the region. The company provides payment processing, merchant acquiring, core banking systems, digital payment infrastructure, fraud prevention, tokenization, and business-process solutions to financial institutions, merchants, fintechs, governments, and pension funds. Its proprietary technology stack includes the Smart Switch transaction-routing platform, the Placetopay payment gateway, POS and Smart Terminal hardware, Core Banking systems, digital wallets with QR payments, and AWS-aligned cloud services delivered through subsidiary Nubity. Marquee deployments include core banking and payment processing for Banco Popular Puerto Rico, Itaú, Banco de Chile, NuBank, Davivienda, Santander, and Bancoppel, plus merchant acquiring for Walmart, McDonald's, Cencosud, Mercado Libre, and Grupo Falabella.

The business model combines transaction-based fees from payment processing and merchant acquiring, recurring software licensing for core banking and financial-institution platforms, professional services for system integration and digital transformation, and subscription-based cloud services via Nubity. Go-to-market is direct enterprise sales through wholly-owned subsidiaries and regional offices, supplemented by channel partners for mid-market clients. The company has executed an aggressive expansion strategy in Brazil through four acquisitions since 2023 (PaySmart, Sinqia, Tecnobank, Dimensa) and has grown laterally into cloud services (Nubity), QR payments (Zunify), and most recently blockchain/digital assets (BBChain).

Founded in 2004 and listed on the NYSE under ticker EVTC, EVERTEC reported FY2025 revenue of approximately US$931.8 million, up 10.2% year-over-year, with Q1 2026 revenue of US$247.9 million (+8.4% YoY). Full-year 2026 revenue guidance of US$1.073-1.085 billion has been raised, implying 15.1-16.4% growth, supported by full-year contribution of recent acquisitions and acceleration in the Latin America segment, which grew 32% reported in Q1 2026. Operational scale is reflected in Mexico's SPEI real-time payment system processing 5.41 billion transactions in 2024 with Evertec as a key technology provider.

Name

EVERTEC

Legal name

EVERTEC, Inc.

Website

https://evertecinc.com

Company type

Public

Founded year

2004

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

EVERTEC is a publicly traded (NYSE: EVTC) Latin American financial technology company providing payment processing, merchant acquiring, core banking, and digital payment infrastructure to banks, retailers, fintechs, and governments across 26+ countries.

Ownership category

akta.pro rank

Product category

Payment Processing Infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

POS, SoftPOS & In-Person Acceptance Infrastructure (FSAGABAO)

akta.pro secondary industries

Wallet Infrastructure (SDKs, Wallet-as-a-Service) (FSADACAD), Privacy, Data Protection & Compliance (zk compliance, GDPR/PII handling) (FSAPAJAM)

Keywords

• Payment processing
• Merchant acquiring
• Transaction switching
• Core banking software
• Financial technology solutions

Headquarters

HQ city

San Juan

HQ country

Argentina

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Transaction Processing: Fees earned from processing payment transactions across merchant acquiring, payment processing, and transaction switching networks. Revenue is volume-based and tied to transaction counts.
2. Software Solutions for Financial Institutions: Licensing and service fees from providing core banking systems, credit analysis, risk management, and insurance platforms to banks and financial institutions in Brazil and across Latin America.
3. Merchant Acquiring: Revenue from providing payment acceptance infrastructure to merchants including POS terminals, payment gateways, and related services.
4. Professional Services: Consulting and implementation services for financial technology deployments, system integrations, and platform modernization projects.
5. Cloud Services: Cloud technology solutions and AWS-related services through subsidiary Nubity, serving enterprise clients in Argentina and Mexico.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

EVERTEC provides end-to-end payment processing infrastructure, transaction switching, merchant acquiring, core banking systems, point-of-sale terminals, payment gateways (via Placetopay), fraud prevention, tokenization, and digital wallet/QR payment solutions to financial institutions, merchants, fintechs, and government entities across Latin America and the Caribbean. The company also delivers cloud transformation services through its Nubity subsidiary, holding AWS Premier Tier Partner status.

Product overview

EVERTEC is a comprehensive financial technology company operating across Latin America and the Caribbean, offering a broad portfolio of payment and technology solutions. The portfolio includes core payment infrastructure products (payment gateway via Placetopay, POS terminals, Smart Terminals, Smart Switch, Retail Payments), merchant acquiring services, fraud prevention (Prevención de fraude), and tokenization. The company also provides business solutions including Core Banking, B2B payment management, Acumatica ERP, credit solutions, and digital accounts. EVERTEC has expanded through acquisitions including Sinqia and Tecnobank in Brazil, Dimensa for fintech/B2B services, Zunify for QR payments in Costa Rica, and Nubity for cloud services in Mexico and Argentina. The product ecosystem serves financial institutions, merchants, fintechs, service companies, insurers, and government entities.

Differentiator

Problem solved

Functional benefit

Brands

• Nubity by Evertec: Cloud services subsidiary specializing in AWS solutions, acquired in 2024
• Placetopay

Products and services

• Placetopay Payment Gateway Online payment gateway enabling secure e-commerce transactions for merchants across Latin America.
• POS (Point of Sale) Solutions Terminal solutions for in-store card payments and transaction processing for merchants across Latin America and the Caribbean.
• Smart Terminals Advanced point-of-sale terminals with enhanced capabilities for merchant payment acceptance.
• Smart Switch Transaction switching platform that processes and routes payment transactions across multiple channels and networks.
• Payment Processing Payment processing services for financial institutions and merchants across Latin America.
• Retail Payments Payment solutions tailored for retail environments including in-store and online channels.
• Core Banking Core banking systems for financial institutions including account management, lending, and risk management, primarily serving Latin American markets.
• Fraud Prevention Security and fraud prevention solutions for payment processing, detecting and preventing fraudulent transactions across multiple payment channels.
• Tokenization Payment tokenization technology for secure card-not-present transactions, protecting sensitive card data across digital payment channels.
• B2B Payment Management and Collections B2B payment management and collections solutions including accounts payable/receivable and treasury for service companies.
• Digital Wallet and QR Payments Digital wallet solutions and QR code payment capabilities for mobile payments, including the Zunify QR code payment network in Costa Rica.
• Digital Account Digital account solutions for banking and financial services enabling account opening and management.
• Credit Solutions Credit solutions including credit analysis and lending platforms for financial institutions.
• Acumatica ERP Enterprise resource planning solutions offered as part of EVERTEC's business solutions portfolio.
• Link Semi-Integrated Payment Solution Semi-integrated payment solution for merchants.
• Linga Integrated management platform for restaurants and retail operations.
• Nubity Cloud Services Cloud technology company operating in Argentina and Mexico, providing complex cloud transformations for enterprise clients as an AWS Premier Tier Partner.
• Sinqia Software solutions for financial institutions in Brazil including core banking, credit analysis, risk management, and insurance platforms.
• Tecnobank Brazilian fintech specializing in digital vehicle financing solutions, majority-owned through EVERTEC's 75% stake acquisition.
• Dimensa B2B technology provider serving financial institutions in Brazil with core banking, credit analysis, risk management, and insurance solutions.
• Zunify QR code payment network in Costa Rica providing digital payment solutions for merchants and consumers.
• Payment Gateway Pro 3.0 Updated online checkout and payment gateway solution targeting SMBs with faster processing capabilities.

Quantifiable outcome

• Revenue growth of 10% year-over-year to $932 million in FY2025
• +4 more outcomes

Named customers15 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature9 records

Partnerships

Four partnerships are on record, tiered key, core and regional.

• TransbankkeyStrategic or Co-development Partner · 18 May 2026Strategic agreement with Transbank, Chile's leading payment solutions operator, under which Evertec operates Transbank's transactional scope along with selected platforms and services. The partnership provides access to state-of-the-art technology and is described as a key milestone in Transbank's digital transformation roadmap, reinforcing Evertec's long-term commitment to Chile as a key market within its Latin America growth strategy.
• Amazon Web Services (AWS)coreTechnology or Integration · 9 April 2026Through subsidiary Nubity (acquired by Evertec in 2024), Evertec achieved AWS Premier Tier Partner status - the highest designation within the AWS Partner Network, held by fewer than 5% of partners globally. The status recognizes technical excellence and proven experience in developing solutions within the AWS ecosystem, providing access to advanced tools, programs, and support.
• MastercardkeyTechnology or Integration · 24 March 2026Evertec participated in Mastercard's Agent Pay infrastructure, successfully completing live agentic payment transactions across Latin America and the Caribbean. The transactions demonstrated AI agents' ability to securely initiate and execute transactions using existing payment infrastructure, marking a significant step in bringing AI-driven commerce from concept to real-world application.
• Anda (Uruguay)regionalStrategic or Co-development Partner · 4 May 2021Anda, a Uruguayan national affiliate association, partnered with Evertec Uruguay for payment platform modernization starting in 2019. The project included comprehensive upgrade of Anda's issuer and acquirer platform, with significant milestones achieved in 2020 including release of a new acquirer platform. This represents Evertec's capability to modernize national payment infrastructure.

Scale indicators7 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• StoneCo: Brazilian merchant acquirer and banking platform serving SMBs with POS, acquiring, and digital banking. Direct overlap with EVERTEC's Brazilian acquiring and B2B software franchise, especially following Sinqia and Dimensa acquisitions.
• Cielo: Brazil's largest card acquirer, providing POS and payment processing to merchants nationwide. Direct competitor to EVERTEC's merchant acquiring and POS business in Brazil and increasingly across LatAm.
• PagBank/PagSeguro: Brazilian digital payments and banking platform combining acquiring, point-of-sale, and fintech services. Competes directly with EVERTEC's POS, gateway, and SMB digital banking offerings in Brazil and across Latin America.
• Temenos: Provider of core banking and financial institution software globally, including across Latin America. Comparable to EVERTEC's Sinqia/Dimensa core banking, lending, and risk management platforms serving banks in Brazil and the region.
• Rede (Itaú): Brazilian payment processor and acquirer owned by Itaú Unibanco, processing card transactions and offering POS to merchants. Direct competitor to EVERTEC's acquiring and POS businesses in Brazil.

Broad incumbents

• Fiserv: Global fintech and payments processor offering merchant acquiring, core banking, and financial institution software. Overlaps with EVERTEC across acquiring (Clover), core banking, and processing but at much broader geographic and product scale.
• Global Payments: Large-cap payment technology and software provider with merchant acquiring, issuer solutions, and business solutions. Direct overlap with EVERTEC's acquiring and financial institution software businesses, though with global rather than LAC-focused distribution.
• Worldline: European-headquartered payments and financial services processor with growing Latin American presence. Comparable to EVERTEC in payment processing, merchant acquiring, and financial software, though currently stronger in EMEA than LAC.
• NCR Atleos: Provider of ATM, POS, and self-service banking hardware/software to financial institutions and retailers. Overlaps with EVERTEC's ATM, POS, and core banking solutions for financial institutions across LatAm and the Caribbean.

Emerging players

• Adyen: Global, unified payment processing platform serving large enterprises and platforms. Increasingly competes with EVERTEC's gateway and processing layer for cross-border digital commerce flows in Brazil, Mexico, and other LatAm markets.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/EVERTEC_Inc
• Facebookfacebook.com/Evertecinc
• LinkedInlinkedin.com/company/evertec

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A9 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about EVERTEC