EVERTEC, Inc. EVTC

Company Overview

EVERTEC, Inc. is a Puerto Rico-based transaction processing and financial technology company that provides payment processing, business process management, and technology services primarily across Latin America and the Caribbean. The company operates in the financial services and electronic payments industries, serving banks, merchants, government agencies, and corporations. EVERTEC’s core offerings include merchant acquiring, payment processing, ATM and network services, card issuing and processing, digital payment solutions, and information technology outsourcing services. Its revenue is primarily driven by transaction-based fees, technology service contracts, and payment network processing activities.

The company traces its origins to the technology and processing operations historically associated with Banco Popular de Puerto Rico. In 2010, a consortium led by Apollo Global Management acquired the processing business, which later became EVERTEC. The company completed its initial public offering in 2013 and has since expanded through acquisitions and regional partnerships. EVERTEC maintains a strong market position in Puerto Rico and several Latin American markets due to long-standing banking relationships, integrated payment infrastructure, and ownership of key transaction-processing platforms.