Qenta, a global payments company, this week announced the acquisition of Pipit Global, a B2B cross-border payments platform operating in more than 45 countries.
Pipit adds an international compliant network of more than one million pay-in points and integrations with mobile money systems across Africa, Latin America, and Europe. Ollie Walsh, co-founder of Pipit, has been appointed president of Qenta and will lead the platform’s expansion. Qenta will add Pipit’s infrastructure to its own to accelerate access to cash, mobile money, and compliant digital payments internationally.
Qenta specializes in serving remittance networks and migrant communities, facilitating cash, mobile money, alternative payment methods, and bank transactions.
“Cross-border payments have long been far too expensive, slow, and inaccessible, particularly for migrants or those without banking services,” said Walsh. “We saw clear alignment between our thesis of financial inclusion and the mission of Brent de Jong and Qenta. Together, we are delivering the financial services that people need, without sacrificing crucial security, compliance, or transparency standards.”
Walsh said his vision was sparked by his frustrations navigating remittance systems after relocating from Ireland to England. Under his leadership, Pipit evolved into a universal network of more than one million pay-in points and 300 million mobile money accounts. He joins alongside four other team members, including Pipit co-founder and CTO Rory Ryan.
“Payments keep us internationally connected, and ensuring these networks are efficient, accessible, and secure is paramount to our work,” said de Jong. “This acquisition accelerates our vision of building an inclusive, blockchain-powered financial ecosystem that works for everyone, from those with minimal bank access to multinational enterprises. The Pipit team brings the experience and values that align with Qenta’s global ambitions of building a resilient worldwide infrastructure.”
With these enhanced cash and remittance capabilities, Qenta is poised to lead the next chapter in global financial inclusion, bringing tools to help people and regions leapfrog ahead and leave behind their legacy systems.