Cypriot Consortium Closes SEPAGA Acquisition

SEPAGA is licensed and controlled by the Central Financial institution of Cyprus. It gives pay as you go playing cards and e-wallet accounts, together with different providers like foreign money conversions.

The acquisition was sealed when the corporate is rising its buyer base in Europe, Asia, and different elements of the globe.

“Everybody within the Sepaga workforce is happy in regards to the completion of the acquisition and the brand new Board of Shareholders and Administrators, as Simos Galatariotis (of Galatariotis Monetary Holdings Restricted), Panagiotis Ioannou and Giorgos Petrakidis are among the many greatest and most skilled professionals within the sectors of know-how and entrepreneurship,” Elena Kontou, the CEO of SEPAGA, stated in an announcement (translated from Greek).

New House owners with Aligned Pursuits

The experience of the brand new homeowners of the corporate goes to assist the corporate to develop additional. Moreover, the corporate is contemplating plans for increasing monetary options for companies and people.

“They’re individuals with expertise in managing groups, growing tradition and perception that mixed with the technique and expertise of the Monetary Companies workforce, we can obtain our imaginative and prescient quicker to evolve digital funds
Funds

One of many bases of mediums of trade within the fashionable world, a cost constitutes the switch of a authorized foreign money or equal from one social gathering in trade for items or providers to a different entity. The funds trade has change into a fixture of contemporary commerce, although the gamers concerned and technique of trade have dramatically shifted over time.Specifically, a celebration making a cost is known as a payer, with the payee reflecting the person or entity receiving the cost. Mostly the idea of trade entails fiat foreign money or authorized tender, be it within the type of money, credit score or financial institution transfers, debit, or checks. Whereas sometimes related to money transfers, funds will also be made in something of perceived worth, be it inventory or bartering – although that is way more restricted at this time than it has been up to now.The Largest Gamers within the Funds IndustryFor most people, the funds trade is dominated presently by card firms akin to Visa or Mastercard, which facilitate the usage of credit score or debit expenditures. Extra just lately, this trade has seen the rise of Peer-to-Peer (P2P) funds providers, which have gained super traction in Europe, the USA, and Asia, amongst different continents.One of many largest parameters for funds is timing, which looms as a vital aspect for execution. By this metric, client demand incentivizes know-how that prioritizes the quickest cost execution.This may also help clarify the choice for debit and credit score funds overtaking verify or cash orders, which in earlier a long time had been rather more generally utilized. A multi-billion-dollar trade, the funds area has seen among the most innovation and advances lately as firms look to push contactless know-how with quicker execution occasions.

One of many bases of mediums of trade within the fashionable world, a cost constitutes the switch of a authorized foreign money or equal from one social gathering in trade for items or providers to a different entity. The funds trade has change into a fixture of contemporary commerce, although the gamers concerned and technique of trade have dramatically shifted over time.Specifically, a celebration making a cost is known as a payer, with the payee reflecting the person or entity receiving the cost. Mostly the idea of trade entails fiat foreign money or authorized tender, be it within the type of money, credit score or financial institution transfers, debit, or checks. Whereas sometimes related to money transfers, funds will also be made in something of perceived worth, be it inventory or bartering – although that is way more restricted at this time than it has been up to now.The Largest Gamers within the Funds IndustryFor most people, the funds trade is dominated presently by card firms akin to Visa or Mastercard, which facilitate the usage of credit score or debit expenditures. Extra just lately, this trade has seen the rise of Peer-to-Peer (P2P) funds providers, which have gained super traction in Europe, the USA, and Asia, amongst different continents.One of many largest parameters for funds is timing, which looms as a vital aspect for execution. By this metric, client demand incentivizes know-how that prioritizes the quickest cost execution.This may also help clarify the choice for debit and credit score funds overtaking verify or cash orders, which in earlier a long time had been rather more generally utilized. A multi-billion-dollar trade, the funds area has seen among the most innovation and advances lately as firms look to push contactless know-how with quicker execution occasions.
Learn this Time period within the enterprise world,” Kontou added.