OKPAY Enters Definitive Agreement to be Acquired by Mayzus Financial Services (DBA MONEYPOLO - www.moneypolo.com)
Joining forces to empower digital business with APIs and extensive financial instruments
PRAGUE, Czech Republic — June 30, 2017 — OKPAY®, the Online Payment System, today announced that it has entered into a definitive agreement under which MAYZUS Financial Services Ltd. (DBA MONEYPOLO - www.moneypolo.com) will acquire OKPAY and its activity. The migration is subject to the satisfaction of customary closing conditions, including applicable regulatory approvals. The companies expect the acquisition to close by the end of June 2017.
"We're excited about adding OKPAY to MoneyPolo," said Nikolay Rozhok, CEO of MoneyPolo. "OKPAY's technology is focused on simplicity and ease of use while simultaneously providing a rich set of capabilities and scale. These principles are what today's customers demand. With OKPAY and MoneyPolo, we will be able to deliver a comprehensive portfolio of financial instruments and payment solutions on a turnkey basis."
OKPAY has a broad customer base, serving more than a million customers. MoneyPolo and OKPAY have both taken action to position themselves for growth while maintaining financial and operational discipline. OKPAY clients, particularly merchants, will benefit from MoneyPolo expertise in application modernization, customer experience, enterprise productivity, business insights, and emerging technologies.
"The combination of OKPAY and MoneyPolo will bring together all technologies required to realize our vision of secure money transfers for the smarter world, combining advanced financial tools and ubiquitous connectivity with security and high performance solutions. Jointly we will be able to provide more complete solutions which will allow us to further enhance our leadership positions, and expand the already strong partnerships with our broad customer base, especially among medium and large-scale businesses," said Konstantin Romanovsky, OKPAY CEO. "United in a common strategy, the complementary nature of our technologies and the scale of our portfolios will give us the ability to drive an accelerated level of innovation."
OKPAY is a rapidly growing company. Its founders have been working on this project tirelessly since 2007. OKPAY customers include global enterprises as well as regular clients. For more information, go to www.okpay.com.
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MoneyPolo is a registered trademark for Mayzus Financial Services Ltd. providing payment solutions, prepaid cards, foreign exchange operations as well as cash money transfers. MoneyPolo has customer branches in the UK, Germany, Czech Republic, Poland, Sweden, while its partner offices spread throughout Europe, Asia, Latin America, North America. Africa and CIS countries with over 400 000 branches. MoneyPolo proved to be a reliable and responsible partner for its some 250 000 customers, cryptocurrency exchanges and Bitcoin traders.
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OKPAY is a registered trademark in the U.S. and EU. The MoneyPolo Brand Mark is a registered trademark of Mayzus Financial Services Ltd authorised and regulated by the Financial Conduct Authority under the Payment Services Regulations 2009 FRN 566505 for the provision of payment services. All other trademarks mentioned herein are the property of their respective owners.
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