The acquisition expands Emergent Technology Holdings LP’s payments capabilities in Africa for
international merchant clients and strengthens Interpay Africa’s local presence
SANTA CLARA, Calif. December 13, 2018 – Emergent Technology Holdings LP (“EmTech”), a
global financial technology company, is pleased to announce it has acquired Interpay Limited
(“Interpay Africa”), a payments processor based in Ghana. The acquisition extends the
operations of EmTech’s digital payments business, Emergent Payments®, a local payments
provider in 70 emerging markets.
Interpay Africa connects African merchants to local and international payments capabilities
across mobile money, traditional payment and local bank platforms. The company has over 40
employees in offices in Ghana, Benin and Pakistan.
“This investment demonstrates EmTech’s total commitment to Africa and our unwavering
belief in the region’s potential. African markets are highly complex and require a meticulous
approach,” said Tim Davis, EmTech’s Managing Director, EMEA. “We are accelerating our
African expansion with technical solutions already integrated with local participants and an onthe-
ground team with a deep understanding of the consumer culture and regulatory
environment.”
Emergent Payments is a payment facilitator for large-scale digital merchants expanding into
emerging markets. Through a single API integration, merchants gain access to local payment
services in emerging market countries throughout Asia Pacific, Latin America, Africa and the
Middle East. The Interpay Africa acquisition marks the launch of EmTech’s Africa 20-20-20
strategy, expanding Emergent Payments’ services into 20 African countries by 2020.
“Africa presents incredible e-commerce growth opportunities. The young population of over a
billion people are rapidly embracing technology innovation and are increasingly demanding
goods and services, both local and foreign. The payments landscape is developing fast. We are
excited to be part of EmTech’s vision to further advance local payment services across the
region and to provide the best regulatory, tax and FX solutions to global merchants,” said Saqib
Nazir, Interpay Africa’s CEO.
EmTech will also launch its G-Coin digital tokens into the African market in 2019. G-Coin tokens
are digital certificates of title to responsibly sourced physical gold and are a viable alternative to
volatile local currencies.
“We are enthusiastic about bringing more African consumers into the financial system. With GCoin
tokens, the unbanked and underserved can sustain their wealth and interact with their
community, local businesses, and indeed global merchants that they had previously been cut
off from,” said Mr. Davis.
“A large part of Africa’s population is at the bottom of the pyramid, and if Africa is to realize its
potential, then this segment has to be financially included. Mobile phones and mobile money
have made this group more visible, but more effort is needed. EmTech is making significant
strides to build an ecosystem that encourages greater financial inclusion, and we welcome
being a part of that collaborative effort moving forward,” said Mr. Nazir.
Interpay Limited has been renamed Emergent Payments Ghana Limited and will do business as
Emergent Payments Africa.
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About Emergent Technology Holdings LP
Based in Santa Clara, California, Emergent Technology Holdings LP owns and operates Emergent
Payments®, Responsible Gold™ and G-Coin™. The company connects large-scale digital
merchants to local payment methods in more than 70 emerging markets across Asia Pacific,
Latin America, Africa and the Middle East. EmTech also provides blockchain-based solutions
that track responsibly sourced gold from mine, to refinery, to vault and digitizes that gold into
secure G-Coin tokens for investing, sending and spending globally. For more information visit
www.emergenttechnology.com and www.emergentpayments.net.
About Interpay Africa
Based in Accra, Ghana with offices in Benin, West Africa, and Lahore, Pakistan, Interpay
Africa is a payment processor that enables digital financial services across emerging markets
with a focus on the three pillars of the new digital economy: e-commerce, financial inclusion
and interoperability. For more information visit www.interpayafrica.com.
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Emergent Technology Holdings LP Media Contact: Lauren Dickson
+ 1 310 871 2172 / lauren.dickson@emergenttech.com