Global mobile top-up group Ding has gobbled up smaller sector player Transfert Crédit getting access to the French market.
The acquisition will add around a thousand new merchants to Ding’s global network of more than 500,000 retail locations.
It also opens up opportunities for the Dublin-based group to partner with mobile operators in the Francophone regions.
Ding currently works with over 360 mobile operators across more than 130 countries, most of which are based in the Arab region.
The new deal is key in implementing Ding’s strategy of providing credit to diaspora communities worldwide, according to CEO Mark Roden.
The Irish company has a mandate to enable consumers from emerging markets working abroad to transfer airtime to mobile phones of family and friends back home.
Transfert Crédit is currently serving a wide range of diaspora consumers mainly from Africa and the Caribbean.
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