Brazil’s Valid sells ValidPay assets in Colombia to Topaz

ValidPay provides technology services tailored for financial institutions.

With over 65 years of experience, Valid is present in 15 countries and has over 3,000 employees and operates across payment methods, secure connectivity and provides digital solutions to the private sector and governments.

With the sale of Valid Colombia's payment operation to Topaz, Valid will continue to operate normally by offering solutions for other business areas.

Topaz is part of the Stefanini Group and provides the financial market with technology to promote the evolution and growth of its customers, supporting them at each stage of their digital transformation. With the acquisition of Valid's payments business unit in Colombia, Topaz adds more value to its  business in an increasingly competitive segment.

Valid was counseled on the sale in Colombia by law firm Posse Herrera Ruiz, and whose team was led by  partners Susana Gómez and Jaime Cubillos, with Jaime Gómez and Daniel Zambrano.

Topaz was counseled by law firm BDO, with a team led by partner David Mayorga.