LONDON | MH Pillars, a UK-based provider of white label prepaid card services, has acquired Canadian online payment company AlertPay, to enter the online payments industry.
The combined companies have revealed plans to expand both of the companies’ customer bases to deliver new technology and tools. In February 2012, AlertPay has entered the Bangladesh market as an online payment services provider to allow Bangladeshi freelance IT workers to receive international payments and have them directly transferred into their local banks.
AlertPay accepts e-wallet and credit card payments and offers its services in 197 countries and 23 different currencies. The company also provides foreign exchange services, localized banking, fraud prevention, email invoicing, mass and single remittances as well as business management tools.