Qenta Expands Global Reach: Acquires Ireland’s Pipit Global to Enhance Cross-Border Payment Solutions
Qenta, a leading payments company based in Texas, has made headlines with its recent acquisition of Pipit Global, an innovative business-to-business cross-border payments platform located in Ireland. This strategic move enhances Qenta’s capabilities in providing seamless financial services across various regions.
Qenta Expands Global Reach Through Acquisition
By acquiring Pipit Global, Qenta gains significant advantages, including:
- Access to a vast network: Pipit boasts over one million pay-in points integrated with mobile money systems across Africa, Latin America, and Europe.
- Enhanced leadership: Ollie Walsh, Co-Founder of Pipit, has stepped in as President of Qenta, leading the company’s expansion strategies.
Goals of the Acquisition
The integration of Pipit’s infrastructure is poised to support Qenta’s mission of:
- Improving access to cash and mobile money
- Facilitating regulated digital payments on a global scale
Supporting Migrant Communities and Remittance Networks
Qenta is dedicated to serving remittance networks and migrant communities by enabling transactions through:
- Cash
- Mobile money
- Alternative payment methods
- Bank transfers
The company effectively integrates regional financial systems with blockchain technology to ensure faster and more secure transactions while minimizing the costs associated with international payments.
Insights from Ollie Walsh
Ollie Walsh, President of Qenta, expressed his commitment to improving cross-border payments. He stated, “Cross-border payments have long been far too expensive, slow, and inaccessible, particularly for migrants or those without banking services. We saw clear alignment between our thesis of financial inclusion and the mission of Brent de Jong and Qenta.”
Walsh’s motivation stemmed from his own experiences moving from Ireland to England, leading him to address inefficiencies in existing remittance systems. Under his guidance, Pipit developed a robust global network, comprising over one million pay-in points and 300 million mobile money accounts, all while maintaining a strong focus on compliance and fraud prevention.
Future Prospects for Qenta
The acquisition signals a new phase for Qenta as it aims to develop a financial technology platform that seamlessly bridges traditional systems with blockchain and artificial intelligence. The company plans to leverage its expanded capabilities to:
- Enhance financial access
- Support regions in modernizing outdated infrastructure
This acquisition marks a pivotal step in Qenta’s journey towards revolutionizing the financial services industry, making it more inclusive and efficient for all.
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