UniTeller has made a significant move in the global payments industry with the acquisition of MORE Payment Evolution. This strategic merger brings together two leading players in cross-border payments, aiming to expand capabilities and strengthen their presence in international markets. A synergy of excellence and innovation By joining forces, UniTeller and MORE Payment Evolution are set to deliver more efficient, innovative, and seamless payment solutions. This collaboration creates a powerful synergy, combining technological innovation with operational expertise. Both companies contribute distinct strengths, including UniTeller’s extensive cross-border payment network and MORE’s cutting-edge technology platform. Together, they are building a more agile and scalable operation that boosts efficiency while expanding the company’s global reach. Currently operating across 15 countries, the merger significantly enhances UniTeller’s presence in key markets, including the US, Canada, Mexico, South America, Europe and Africa. With a global network now spanning over 200,000 locations in more than 120 countries, UniTeller and MORE are poised to facilitate faster and smoother cross-border transactions, serving both developed and emerging markets. Revolutionising global payment networks This merger is not just about expanding geographically – it’s about transforming the global payments infrastructure. With enhanced connectivity and a broader network, UniTeller and MORE aim to bridge the gaps between diverse markets, simplifying complex cross-border payment processes. Their combined resources will streamline payment flows, reduce transaction times, and improve currency exchange efficiency. By leveraging advanced technology and a strategic market presence, the merger sets new benchmarks for speed, security, and reliability in global transactions. This is particularly important as the payments industry faces growing demand for real-time transfers, enhanced security protocols, and more cost-effective solutions. Alberto Guerra, CEO of UniTeller, highlighted the broader vision: “With the MORE acquisition, UniTeller is positioning
itself as a global player in payment networks, with multiple local presences providing the platform to scale beyond remittances into new cross-border payment products.” Sergio Pérez, CEO of MORE Payment Evolution, added: “We are very excited about the future of our combined companies. The synergies, added capabilities, and cultural alignment will enable UniTeller | MORE to become a leader in cross-border payment services, not just in the Americas but globally.”
UNITELLER COMPANY INFO
Who is UniTeller: UniTeller, a US-based remittance and cross-border payment processing provider, is dedicated to connecting people and businesses across the globe. UniTeller is licensed in all 50 US states, and, through the acquisition of More Payment Evolution, it now has licensed and regulated entities in 13 countries across the Americas and Europe. Through its flexible business models and revenue-sharing programs, it moves money globally. With a network of more than 200,000 paying locations in over 120 countries, it offers expansive global reach. It proudly serves over 100 corporations, banks, neobanks, fintechs, MTOs, and retailers. Its product ecosystem is designed to meet the evolving needs of our customers. It offers a wide range of digital solutions that enable a variety of transaction flows, including P2P, B2C, C2B, and B2B, all powered by real-time payment rails, security, and compliance rigor. With platforms like Cross-Border Send and Pay, Instapago, Payins and Payouts, its helps clients scale efficiently and innovate in a rapidly shifting landscape. Additionally, its Business Payments Gateway and White Label Turnkey products give partners the flexibility to embed international payment frameworks directly into their existing infrastructure. What sets UniTeller apart is not just its technology but its approach. UniTeller is committed to building a world where cross-border transactions bridge people together, no matter where they are. UniTeller is proud to be recognised by the Fintech Power 50, an honour that celebrates innovators driving the future of payments. "This recognition inspires us to continue delivering secure, accessible, and customer- focused cross-border payment solutions." Company: UniTeller Financial Services Founded: 1994 Key people: Alberto Guerra, CEO Head office: United States (US) Local presence in: Philippines, Canada, Mexico, Guatemala, Argentina, Colombia, Spain, Uruguay, Paraguay, Brazil, Sengal and Bolivia Website: uniteller.com Email: corporatepartners@uniteller.com Linkedin: company/uniteller-banorte/
Navigating the future of cross-border payments
As the global economy evolves, the need for more interconnected and interoperable payment systems grows. In an era of rapid advancements such as artificial intelligence, blockchain, and real-time payments, the combined expertise of UniTeller and MORE positions them to navigate the
complexities of the international payments landscape effectively.
This merger empowers both companies to innovate at scale, anticipating future trends in the payments ecosystem. Together, they are setting new standards for cross-border payments, with a shared commitment to financial inclusion. This ensures that even underserved regions benefit from more accessible and affordable financial services. Additionally, the partnership prioritises security and regulatory compliance in an increasingly interconnected world. By integrating their systems, UniTeller and MORE are enhancing security measures to protect against fraud and financial crime, adhering to the rigorous standards set by international financial regulators. A new era of global financial connectivity The acquisition of MORE Payment Evolution by UniTeller marks a forward-thinking strategy that aims to reshape the global payments industry and redefine how cross-border transactions are conducted. This union is setting the stage for a new era of global financial connectivity. With UniTeller and MORE leading the way, the future of payments is more inclusive, secure, and connected than ever. Together, they are ready to chart new paths, redefine industry standards, and unlock the full potential of global payments, ensuring financial services are faster, more secure, and accessible to everyone.
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www.thepower50.com The Fintech Power 50
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