Multi-lingual and multi-currency SME payment gateway Telr announced it will be merging its operations with Innovative Payments, to push its presence in the MENA region.
The main premise behind the merger is to let Telr revolutionize how payments are placed in the Middle East, North Africa, and Southeast Asia.
Telr announced alongside the merger, also its future plans due to the merger itself. The payment firm plans to significantly boost its credentials as a result of merging with Innovative Payments. Telr also plans to strengthen its offerings for both online and mobile payments via its three pillar payment gateway, unified logistics and payment APIs, alongside cash management solutions.
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“The combination of a strong team, right set of products and services, secure and innovative technology, alongside solid partnerships will set Telr apart and give us an unmatchable kick-start in the UAE and across all the high growth markets… The merger will boost our market growth and ambitious expansion plan to accelerate e-commerce adoption in emerging markets,” Telr CEO and Co-Founder Elias Ghanem.
“Merging with Telr gives Innovate Payments the ability to scale-up our operations, accelerating our expansion into new markets and expanding our existing product-sets,” adds Andy O’Sullivan, Head of Operations and Co-Founder at Innovate Payments.
Over the past half-decade, Innovative Payment has established itself as a leading service provider in the UAE. The existing team in its entirety will remain to lead day-to-day operations including technological advances and product development activities.