CellPay Continues Acquisition Spree; Acquires PinZoo

CellPay, founded in 2016, quickly became a leader in the direct-to-consumer, “top-up” market for processing electronic purchases of prepaid mobile airtime, international top-up and digital gift cards. This new acquisition was announced within a month of the previous two mergers, Zprepay and Callingmart.
While announcing the new acquisition, CellPay CEO Parvez Jasani mentioned, “We are thrilled to welcome PinZoo to CellPay family! This recent acquisition is part of our growth strategy whereby we plan to make some value-adding acquisitions to further strengthen the CellPay portfolio. With the acquisition of PinZoo, we are a step closer to actualizing our vision.”
About CellPay
CellPay, a fast-growing and unique fintech solution provider for the unbanked/undocumented and underbanked, is a large and established player in the prepaid industry. CellPay provides an alternate, fast and convenient way to refill prepaid wireless, including international top-ups and bill payments. CellPay customers can buy prepaid refills and services to enjoy their favorite TV shows and music, or play games from anywhere, at any time, using whatever payment method they prefer. Cellpay provides a platform, similar to eBay/Amazon, for wireless dealers (mobile phone operators) to streamline refills and product sales online and offline. Having established itself as a leading player in the industry, CellPay is uniquely positioned to aggressively offer an end-to-end, turnkey POS solution that is stable, secure, and simple.
CellPay’s electronic distribution method presents retailers with a unique combination of unlimited supply coupled with no inventory costs. Cellpay has recently added Gift Cards and International Top-up services to their existing product line.
pj@getcellpay.com
About PinZoo
PinZoo.com, founded in 2002, provides prepaid wireless users with a fast and easy way to refill their prepaid wireless minutes and make bill payments while accumulating redeemable PinZoo Points towards their purchases. PinZoo offers a range of prepaid products online, including Prepaid Phone Cards, Prepaid International Top-Ups, Prepaid eGift Cards, and Prepaid SIM cards.
Source: CellPay