Montreal, Canada (PRWEB) April 04, 2012
The strategic assets of AlertPay Inc., one of the world’s leading online payment processors, have been acquired by MH Pillars Ltd., a UK-based firm specializing in prepaid-card solutions. By acquiring AlertPay’s proprietary technology, MH Pillars will be able to enter the online payments industry with a full suite of solutions.
“We are very excited to join forces with MH Pillars, and their team of seasoned professionals. We feel that our e-wallet and payment processing capabilities coupled with MH Pillars prepaid-card expertise will form a symbiotic relationship. ” said Firoz Patel, CEO of AlertPay. “Working with the industry expertise of MH Pillars will help accelerate our target market penetration, along with increasing the service offerings for our current customer base.”
AlertPay recently broke new ground by becoming Bangladesh’s first online payment processor to offer localized bank transfers to its citizens. With Bangladesh becoming one of the world’s leading service exporting countries, especially in the IT industry, an affordable and fast way for Bangladeshi freelance IT workers to receive their international payments was top priority for the country. AlertPay was able to deliver this solution to the country.
“AlertPay’s commitment to delivering solutions to under-served markets is one of the main reasons we made this acquisition” said Christopher Henry, president of MH Pillars. “Their commitment to customer support was another – no other online payment processor has demonstrated their level of excellence in serving their customers, answering their questions and solving their problems. Since they are also a leader in the online payment processing industry, we knew that joining forces would be profitable while maintaining MH Pillars’ core set of values, commitment to excellence through customer support and innovation.”
Together, MH Pillars and AlertPay plan to expand both of the companies’ customer bases to deliver next-generation technology and tools to take the online payment processor to the next level of international market presence. With the addition of the AlertPay platform, MH Pillars will be able to enter the e-commerce industry with a full suite of online payment processing solutions.
About MH Pillars
Founded in 2005, MH Pillars Ltd. has been a prominent player in the UK market proposing and providing white label prepaid card solutions for customers worldwide. The MH Pillars consulting team offers extensive payment services expertise. – from the design, development and deployment of individual payment services needs that are certified to the highest standards, to the establishment of speedy and secure transaction processing for various markets.
AlertPay is a Montreal, Canada-based online payment platform that specializes in making and accepting secure e-wallet and credit card payments. The company has 8 million members and offers its services in 197 countries and in 22 different currencies. More than 75,000 merchants use AlertPay as a one-stop-shop solution to accepting payments. The Company also offers foreign exchange services, localized banking, fraud prevention, email invoicing, mass and single remittances and business management tools.