The takeover is intended to support the delivery of bill pay solutions and other real-time payment applications across Latin America.
Arcus was launched in 2013 and its platform enables businesses to launch and offer payment solutions. Users include BBVA, Santander, Walmart, 7-Eleven, and Rappi.
Arcus has more than 100 employees, more than 100 clients, and operations in seven countries in Latin America.
Arcus’ platform recently received approval to enable payment processing, settlement and reconciliation via Mexico’s real-time Interbank Electronic Payment System – Sistema de Pagos Electrónicos Interbancarios (SPEI).