4th April 2012

AlertPay Acquired by MH Pillars Ltd

alertpayThe strategic assets of AlertPay Inc., a Montreal-based online payment processor, 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.
This entry was posted on Wednesday, April 4th, 2012 at 8:44 am and is filed under Business News, National News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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