TCA Tanoira Cassagne advised Payway S.A.U. (“Payway”), in the creation of its simple non-convertible notes program for a total amount in circulation at any time of US$500,000,000 (or its equivalent in other currencies or units of value or measure) (the “Program”), which authorization was granted by the National Securities Commission (the “CNV” for its acronym in Spanish) on August 19, 2026.
TCA Tanoira Cassagne advised Payway and Martínez de Hoz & Rueda advised Banco de Galicia y Buenos Aires S.A. and Macro Securities S.A.U., as arrangers and placement agents (the “Placement Agents”), in the inaugural issuance of notes under the Program for an amount of AR$80,000,000,000, bearing interest at the Private TAMAR rate plus a 4.00% margin, maturing on September 17, 2027.
Payway combines extensive experience in the Argentine electronic payments ecosystem with an integrated platform for payment acceptance, processing, and management. As a payment service provider registered with the Central Bank of Argentina, Payway operates as a merchant acquirer and acceptor, connecting merchants with card networks, issuing institutions, and clearing systems. Its solutions include in-person and digital payments through POS terminals, e-commerce platforms, QR codes, and payment links. The company also offers receivables-advance and installment-acceleration products that allow merchants to bring forward cash flows arising from credit card sales.
Legal Counsel to Payway: TCA Tanoira Cassagne through a team led by Partners Alexia Rosenthal and Jaime Uranga; and Associates: Teófilo Trusso and Tobías Bonamico.
Legal counsel to the Placement Agents: Martínez de Hoz & Rueda through a team led by Partners José Martínez de Hoz (nieto) and Pablo Schreiber; and Associates: Luisina Luchini and Jimena Torres Marcelo.
