Ferrere represents SmartFastPay in its arrival in Bolivia
Ferrere, through its corporate and regulatory team in Bolivia, has represented SmartFastPay in its establishment in Bolivia, as part of its expansion process in LATAM.
As a result of this operation, Bolivia joins SmartFastPay’s current operations in Brazil, Chile, Colombia, Mexico, Ecuador and Peru.
Through this landing, the company expects to meet the significant local market demand for agile and, above all, secure means of payment, given the growing threat of cyber-attacks on international payment processing. In addition, the lifting of the ban on cryptocurrency transactions will allow the company to expand the range of services originally intended for its users in Bolivia.
Once the installation and staff recruitment phase is completed, the company aims to become the market benchmark, helping to mitigate the difficulties that local businesses and individuals face today in international payments and transactions.
The consultancy involved addressing the regulatory feasibility analysis of the operations and leading the corporate aspects for the effective installation of the company in the country.
SmartFastPay is a Brazilian company that offers local payment processing methods and solutions for domestic and international websites, as well as venturing into the cryptocurrency exchange market.
Ferrere’s team was led by partner Diego Villarroel (pictured) and lawyers Santiago Rodríguez, Alejandra Vaca and José Rivero.
