Ezetap buys FortunePay to expand its payments tech

Payments solution company Ezetap has acquired FortunePay, a Bengaluru-based startup that offers payment switching infrastructure to banks, which will help Ezetap further expand its payments technology.

This is Ezetap’s second acquisition, and the company said it will scout for more acquisitions as it looks to cover the entire gamut of payments.

“We want to be a single payment solution for merchants, be it physical cards, UPI or mobile wallets. To do that, we need the infrastructure, which is why we decided to acquire FortunePay, which has a next-generation switching infrastructure for the mobile internet world,” said Ezetap CEO Abhijit Bose.