Online payment processing provider Allied Wallet announced on Monday it has acquired Epayment, a Hong Kong-based fintech. The acquisition comes just a couple of weeks after Allied Wallet reported it has increased merchant revenue by as much as 60% for some merchants with its new alternative payment option offering.
Speaking about the acquisition, Dr. Andy Khawaja, Founder of Allied Wallet, stated:
“I knew that if we could combine the products, features, and functionality of Allied Wallet with Epayment, that we would have a leading product and service in Hong Kong. We are very happy to have acquired Epayment, and we are excited to provide an even more advanced solution in the region. We look forward to making new announcements as this develops.”
Founded in 2002, Allied Wallet claims to be a global leader in online credit card processing/payment processing, multi-currency merchant services, digital eWallet solutions, software developments, and a provider of a PCI Level 1 payment gateway.
“Allied Wallet continues to revolutionize the e-commerce industry by introducing new and innovative payment processing solutions for online merchants, enabling them to send and receive international payments. With PCI compliant merchant services for nearly any business size, Allied Wallet provides a state-of-the-art payment gateway to optimize online transactions for any company.”
Allied Wallet previously revealed in the past year, it has made its NextGen Payment Gateway compatible with many preferred payment options in countries, including Sweden, Austria, Canada, Finland, France, Indonesia, Ireland, Israel, Italy, Malaysia, Spain, UK, Norway, Philippines, South Korea, Vietnam, Brazil, Peru, and Mexico. Khawaja recently shared:
“We live in a day and age where we are more connected than ever. It’s important to allow for cross-border sales. It’s important to accept payments in whichever way people prefer to pay. Limiting your business means limiting your sales, and it’s always been important at Allied Wallet to eliminate limitations and maximize capabilities.”
