Digital payment platform PPRO has acquired Alpha Fintech, a payments technology company, in order to grow and develop digital payments to make it operate more efficiently.
The takeover will also put PPRO’s plans in motion in expanding to the Asia-Pacific market, where Alpha fintech has a strong presence in New Zealand and South-East Asia.
By integrating Alpha’s cloud-based technology, PPRO is planning to offer a ‘plug-and-play’ feature, allowing customers to access products and services faster. Customers will also have the ability to use additional payment flows, integrate third-party applications and improve their compliance and risk capabilities.
“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,” states PPRO CEO, Simon Black.
“Global payments are evolving faster than ever. Together with Alpha, we provide the core infrastructure that organisations will need to build out and expand their payment platform.”
Using its cloud-based platform, Alpha has contributed to the growth in banks and fintech enterprises in the Asia-Pacific region.
Alpha has used its technology to enhance the payment process system, as well as merchant and risk management, fraud prevention and data analytics.
PPRO will hope to secure its vision as a ‘global payments powerhouse’ as it welcomes Alpha’s 90 paytech experts who are based across the globe.
Oliver Rajic, CEO of Alpha Fintech commented: “We want to shake up and democratise payments. 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.”
The transaction is expected to be finalised in the first quarter of 2022.