Allied Wallet acquires Hong Kong FinTech startup Epayment
Allied Wallet, a London, United Kingdom-based FinTech startup offering various payment solutions in 196 countries, has acquired Epayment, one of the largest financial technology companies in Hong Kong. The acquisition will enable the company to expand in the Hong Kong area.
Founded in 2002 by Dr. Andy Khawaja, Allied Wallet provides payment processing solutions for online merchants, enabling them to send and receive global payments. Allied Wallet has offices in countries around the world, including the U.S., the U.K., Germany, and China. With over one billion dollars processed and millions of customers served, the company is one of the leading firms operating in its field today.
Allied Wallet has shown record-breaking growth for over a decade in the digital payments and Fintech space. In the past year alone, they have expanded their offering in a countless number of countries including: Indonesia, Malaysia, Spain, Vietnam, Peru, and many more.
Their goal is to connect more buyers and sellers globally and allow people to transact with whichever payment method they prefer.
Several months ago, Allied Wallet made note of Epayment’s success in Hong Kong. The way that Epayment was able to connect with users was very powerful in this region.
“I knew that if we could combine the products, features, and functionality of Allied Wallet with Epayment, that we would have a leading product and service in Hong Kong. We are very happy to have acquired Epayment, and we are excited to provide an even more advanced solution in the region. We look forward to making new announcements as this develops,” said Dr. Andy Khawaja, Founder of Allied Wallet.
86.3% of Hong Kong’s population are internet users. As e-commerce continues to grow in the region, Allied Wallet is positioning itself to be the leading FinTech company in Hong Kong and abroad.
Allied Wallet offers a variety of payment processing products designed to help customers meet a diverse range of needs. These products include an eWallet app, a mobile point of sale service, prepaid cards for affiliate payouts, and a global payment gateway. The firm also offers numerous APIs for use by businesses of all sizes to facilitate integration with e-commerce services. All aspects of the company’s operations are protected by a firm commitment to data security, which is underscored by compliance with PCI DSS Level 1 guidelines and the use of SHA-256 encryption.
Allied Wallet has been repeatedly recognized for numerous aspects of its business including its commitment to customer service, company culture, ability to innovate, and its growth in size and offerings. These recognitions have come from outlets such as Fortune magazine, The Guardian, and Wired. In addition to its recognitions for the manner in which it serves customers, the company is also known for its philanthropic efforts. These efforts have supported a range of diverse organizations including The Wounded Warrior Project, After-School All-Stars, and The ASACP.