Pesa acquires UK EMI, Authoripay Emoney to begin Europe expansion
- Pesa announced its acquisition of Authoripay Emoney Ltd to expand its remittance services.
- The acquisition will add $80 million in annual transactional volume to Pesa's platform.
- Pesa can now issue Mastercard-branded debit and prepaid cards as a result of the acquisition.
The acquisition of Authoripay by Pesa signifies a strategic move that not only enhances Pesa's service offerings but also reflects a growing trend in the fintech industry where companies prefer acquisitions to navigate regulatory challenges. This could lead to increased competition in the remittance market, benefiting consumers with better services and lower fees.
