Evertec, Inc. is a Puerto Rico–based fintech company operating in the electronic payments and transaction-processing industry. The company provides technology and infrastructure solutions that enable secure and scalable financial transactions for banks, businesses, and government entities.
Its business model focuses on payment processing, merchant acquiring, and digital financial services across Latin America and the Caribbean.
Core activities include:
-
Merchant acquiring and payment processing
-
Card and transaction-processing platforms
-
ATM network and electronic transfer services
-
Digital banking and real-time payment solutions
-
Billing, treasury, and transaction management systems
Evertec operates primarily in Puerto Rico, the Caribbean, Central America, and South America, serving financial institutions, retailers, processors, and government agencies.
The company’s performance is influenced by the growth of electronic payments, digital banking adoption, fintech competition, regulatory developments, and demand for secure transaction infrastructure.
Evertec, Inc. is listed on the New York Stock Exchange (NYSE) under the ticker EVTC.
History and Development
Evertec was founded in 2004 in Puerto Rico as a spin-off of Popular’s technology division, created to centralize and expand electronic transaction processing.
During the following years, the company expanded its capabilities and strengthened its position as a regional provider of payment infrastructure.
A key milestone occurred in 2010, when a group affiliated with Apollo Global Management acquired a majority stake, supporting international expansion.
In 2013, Evertec completed its initial public offering (IPO) on the NYSE, enabling further growth across Latin America and the Caribbean.
Since then, the company has continued to expand its payment solutions, invest in digital platforms and cybersecurity, and strengthen its regional presence in electronic payments and financial technology.