InComm, the leader in sales and marketing of prepaid products and innovator of transaction processing, today announced that they have entered into a definitive merger agreement with Qpay, Inc.
Qpay, based in Miami, Florida, provides payment processing systems that enable wireless carriers to inexpensively and efficiently collect in-person payments for wireless services.
"This merger is a strategic expansion for InComm and represents a significant step towards increasing both our product offerings and destinations in the prepaid space," said Brooks Smith, Chief Executive Officer of InComm.
"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 organization. Qpay customers will benefit from greatly expanded product offerings enabled by InComm," said Ami Shashoua, Co-CEO of Qpay.
"We are pleased to broaden our array of available services and to be able to bring about innovations to our core payment processing applications even faster," said Yossi Amossy, Co-CEO of Qpay.
The merger with Qpay adds more than 15,000 new retail outlets to InComm's vast network of now 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.