InComm and Qpay Agree to Merge
InComm, a transaction processing innovation company, has entered into a definitive merger agreement with Qpay, a payment processing systems provider that enable wireless carriers to inexpensively and efficiently collect in-person payments for wireless services.
“We are excited about the future benefits of being part of InComm. Both companies bring excellent reputations, product offerings, technology and management teams to the new combined organisation. Qpay customers will benefit from greatly expanded product offerings enabled by InComm,” said Ami Shashoua, co-chief executive officer (CEO) of Qpay.
The merger with Qpay adds more than 15,000 new retail outlets to InComm’s network of more than 200,000 locations worldwide. By continuing to add innovative products and solutions, InComm is able to satisfy consumer demand for the fast growing prepaid sector.