Telr merges with Innovate Payments to tackle MENA payment gateway industry

SME payment gateway Telr is merging its multi-currency, multi-lingual service with Innovate Payments in a bid to transform the payments gateway industry in the Middle East, Africa and South East Asia.

Telr is hoping to strengthen its offerings to the online and mobile payments industry through the three pillars of its payment gateway – unified logistics, payments APIs and cash management solutions. This merger will boost its credentials in MENA’s high growth markets, as Innovate Payments has been processing online transactions for UAE merchants since 2012. Innovate has witnessed robust growth in the number of merchants and volume of transactions processed over the last 12 months.

“Telr’s ambition to revolutionize the payments landscape across all emerging markets complements Innovate Payments’ strong presence in the UAE and advanced platform. The merger will boost our market growth and ambitious expansion plan to accelerate e-commerce adoption in emerging markets”, said Elias Ghanem, CEO and Co-Founder of Telr.

Telr will initially focus on supporting the trend of e-commerce growth that is already visible in the UAE and the GCC, and plans to expand across the MENA from its Dubai Hub as well as in Southeast Asia through its headquarters in Singapore.

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