Pesa Acquires UK-Based Authoripay Emoney, Expands Financial Services Across Europe

Since its launch in 2021 by co-founders Tolu Osho, Yusuf Yakubu, and Adewale Afolabi, Pesa has made cross-border payments easier, faster, and more affordable for individuals and businesses across Canada, Europe, Africa, Asia, and Australie. Now, Pesa is expanding its mission even further with the strategic acquisition of Authoripay Emoney, a UK-based electronic money institution (EMI).

With this acquisition, we strengthen our presence in the global financial sector and take another significant step toward becoming a leading provider of international financial services.

We have already established a reputation for zero-fee transactions and a user-friendly multi-currency wallet, having processed over $380 million in transactions in just two years. This acquisition brings something even more powerful —  access to key regulatory licenses issued by the UK Financial Conduct Authority (FCA).

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These licenses grant permissions for:

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• Money remittance
• Issuing electronic money
• Payment initiation services
• Virtual IBAN provision

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These regulatory capabilities enable Pesa to operate and innovate across the UK and the wider European Economic Area, opening the door to a broader reach and even more financial services.

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Introducing Pesapeer Payments: A New Chapter for Pesa

One of the most exciting outcomes of this acquisition is the launch of Pesapeer Payments, a new product within the Pesa ecosystem. As a Principal Member of Mastercard, Pesapeer Payments enables us (Pesa) to issue and manage Mastercard-branded multi-currency debit and prepaid cards for individuals and businesses.

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With Pesapeer Payments, users will be able to:

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• Spend and receive funds globally with multi-currency cards.
• Enjoy competitive rates and transparent pricing.
• Access a wider network of merchants and ATMs
• Stay compliant with local regulations across key global markets.

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This move not only strengthens Pesa’s infrastructure but also accelerates its mission of building a more accessible, borderless financial system for the global citizen.

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Ready to take your money global with Pesa?

Sign up or upgrade your wallet to access new features as they roll out, including Pesapeer cards and expanded EU coverage.

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