Allied Wallet snaps up Hong Kong fintech company Epayment
Global online payments business Allied Wallet has acquired Hong Kong fintech firm Epayment.
A statement released by the firm shows that Epayment, one of the largest financial technology companies in the territory, has been on Allied Wallet’s radar for several months following its successes in connecting with regional users
“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,” said Allied Wallet founder Dr Andy Khawaja. “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.”
About 86 per cent of Hong Kong’s population are internet users. As e-commerce continues to grow in the area, Allied Wallet is aiming for a leadership position in the market with a view to expanding regionally.
Allied Wallet has shown considerable growth for over a decade in the digital payments and fintech space. In the past year alone, it has expanded its offer in numerous countries, including Vietnam, Indonesia, Malaysia, Spain and Peru.