Bitpesa expands into remittances with acquisition of TransferZero
Originally posted on Mobile Payments Today.
BitPesa, a blockchain payments platform for Africa and Europe, has announced their acquisition of TransferZero, an international online money transfer platform that specializes in sending money to consumers and companies in 200 countries using over 50 different currencies, according to a press release.
"Europe is a hub for global remittance and payments companies," Elizabeth Rossiello, founder and CEO of BitPesa, said in the press release. "Digital currencies and decentralized technology have hit critical mass in the financial services and payments space. It is no longer a question of whether this technology will have staying power, rather, which specific technology and what product iteration will launch and scale first."
Under the acquisition, TransferZero will continue to operate under the same brand name and all of its employees will stay with BitPesa. The headquarters will remain in Madrid.
TransferZero has network integrations on four continents, and a team with decades of experience working with enterprise clients in need of global payment products, according to the press release.