IPP of America operates a national network of over 8,000 independent neighbourhood-based payment centres in the United States. The company plans to use the investment to enhance IPPs array of electronic payment services.We see tremendous opportunity in the electronic payments industry. IPP has built a solid foundation in the walk-in payments market and has created many differentiators that we want to share with a wider audience, reveals Ron Averett, CEO, IPP.Providing financial services to the under-banked market continues to present exciting possibilities. Principals at Old Lane have worked with Ron Averett and members of IPPs executive team in the past and we look forward to supporting the company in its growth. We expect IPP to generate impressive growth and emerge as one of the top players in the broader electronic bill payments marketplace, states Manu Rana, Managing Director, Old Lane, LP and member of IPPs board of directors.
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