Digital payments infrastructure firm PPRO acquired payments technology platform Alpha Fintech for undisclosed terms, according to a Tuesday (March 8) press release.
The acquisition will bolster PPRO’s presence and networks in the Asia-Pacific (APAC) region and boost its ability to deliver products and services faster. Integrating Alpha’s platform will also enable PPRO to offer a plug-and-play orchestration layer for faster incorporation of products and services at scale.
As a combined entity, customers will have access to an increase in global payment flows, third-party app integration capabilities, broader data insights and enhanced compliance and risk proficiencies.
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Alpha Fintech offers a cloud-based platform that enables easy digital payments integration, including payments processing, merchant management, risk governance, fraud prevention, data analytics and more. Per the release, the Irish firm was launched in 2011 and has been focused on the APAC region.
“The acquisition of Alpha Fintech strengthens our position as both a global payments technology leader and trusted infrastructure partner to payment service providers, enterprises, banks and FinTechs,” PPRO CEO Simon Black said in the release. “Global payments are evolving faster than ever. Together with Alpha, we provide the core infrastructure that organizations will need to build out and expand their payment platform.”
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Additionally, Alpha’s 90 PayTech experts will become part of PPRO’s locations in Australia, Argentina, Singapore and the U.S.
“We want to shake up and democratize payments,” said Oliver Rajic, CEO of Alpha Fintech. “Given PPRO’s global reach, reputation, and standing, they’re the perfect partner to help us do that. We’re really excited to collaborate with Simon and the team to come up with end-to-end turnkey solutions that cover every aspect of digital payments.”
Founded in 2006 and headquartered in London, England, PPRO enables businesses to offer more payment options at checkout and increase cross-border sales.
PPRO’s infrastructure makes payment methods run faster while optimizing checkout conversions and reducing the complexities of managing multiple fund flows. Big brands relying on PPRO include Citi, PayPal and Stripe.
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