TPAY Mobile completed the acquisition of Payguru.

TPAY Mobile, a digital merchant acquirer and mobile payment enabler in the Middle East and Africa, completed the acquisition of Payguru, a payment service provider. Financial terms were not disclosed. “This transaction extends our footprint in the region, continues our diversification into new business lines and also significantly strengthens our value-added services proposition in the region. The regional and global fintech sector is at an inflection point for growth, making this the perfect time to welcome Payguru into our fold,” Sahar Salama, TPAY Founder and CEO.