The transaction is expected to close in the second quarter of 2022. PPRO officials stated that the acquisition of Alpha strengthens their position as both a global payments technology company and partner to PSPs, banks, and fintechs.
Alpha provides an omnichannel payment platform for banks, payment service providers, and other fintechs, including New Zealand-based BNZ and Southeast Asia’s super app Grab. An enabler of growth, in addition to merchant management and payment processing, the company’s cloud-based platform allows the seamless orchestration of value-added payment services, including risk management, fraud prevention, data analytics, and more.
Alpha’s paytech experts will join PPRO’s global team, furthering their mission to become an important partner for global payments. PPRO’s officials also stated that cross-border payments are evolving faster. Together with Alpha, they provide the core infrastructure that organisations will need to build out and expand their payment platform.
For more information about PPRO, please check out the company profile in The Paypers Company Database.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.