This operation was announced in November 2023, and finally took effect on August 13, once all the closing conditions to which the transaction was subject had been met.

Mexican bank Banorte, through Uniteller (its international payment processing subsidiary), has completed the acquisition of all the shares of the Uruguayan international payment company More Payment Evolution, which represents the financial institution's entry into Uruguay.

This operation was announced in November 2023, and finally took effect on August 13, once all the closing conditions to which the transaction was subject had been met.

Through this acquisition, UniTeller seeks to leverage its existing capabilities in commercial payments by expanding its geographic footprint with More’s extensive experience and expertise in global payments.

The aim is to promote the creation of global products and solutions for its clients in order to consolidate its position as a global benchmark in the cross-border payments industry.

Currently, Uruguayan company More Payments has a presence in four other countries in the Latin American region (Argentina, Brazil, Chile, Paraguay), Spain, Senegal and the United States.