The co -founder and CEO of Pipit, Ollie Walsh, has been appointed president of Qenta as part of the acquisition.
The Qenta Global Payment Company has acquired the B2B Global B2B Pipit Pipit Payment Platform, the Fintech founded with Irish that operates today in more than 45 countries.
Qenta specializes in serving networks of remittances and migrant communities, facilitating cash, mobile money, alternative payment methods (APM) and bank transactions.
Qenta says that the network of more than 1m of payment points of more than 1m, and the mobile money accounts of 300 m, and their deep integrations with mobile money systems in Africa, Latin America and Europe, combined with the liquidation rails based on Qenta blockchain, will see a new combined platform that accelerates safe access to mobile money, mobile digital payments and digital payments worldwide.
“This acquisition accelerates our vision of building an inclusive financial ecosystem and blockchain fed that works for all, from those with minimum bank access to multinational companies,” said Brent de Jong, president of Qenta. “The Pipit team brings the experience and values that are aligned with the global ambitions of the Qenta to build a resistant world infrastructure.”
Qenta will add the Pipit infrastructure to yours, and the co -founder and CEO of Pipit, Ollie Walsh, has been appointed president of Qenta, to direct the expansion of the integrated platform. Four key team members will also move to Qenta, including the co -founder of Pipit and Cto Rory Ryan.
It was when Walsh moved from Ireland to England that felt frustrated with the navigation of existing remittance systems, and the spark was born for the Pipit Foundation.
“Cross -border payments have a long leg too thorough, slow and inaccessible, particularly for migrants or those without banking services,” Walsh said. “We saw a clear alignment between our financial inclusion thesis and the Brent de Jong and Qenta mission.”
The acquisition comes at a time when the global cross -border payments B2B is seeing significant growth. In 2024, the market was estimated at around $ 31.6, according to Qenta, and it is projected to expand in 58pc to $ 50TRN by 2032.
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