UniTeller acquires Oh My Card COMING OUT

UniTeller Financial Services, a leader in the cross-border payments space, is pleased to announce its recent acquisition of “Oh My Card!”, a gift card payment platform that has redefined the way Central Americans build loyalty and send gifts to their loved ones.

Since its launch in 2013, OMC has provided a solution on how Corporates remunerate and reward employees, and on how Guatemalans support their loved ones. The OMC multi-brand gift card allows companies to reward their employees through rechargeable and customizable gift cards that are accepted at a large network of retailers in the region.

UniTeller is excited about the synergies that the Oh my Card platform and distribution network will create within its cross-border payment services. We envision solutions that will bring an expanded product portfolio to our remittance customers and business partners.

“The growing demand for P2P cross-border remittance services coincides with the increasing dominance of electronic transactions which will create important synergies with UniTeller.” said Francisco Contreras, CEO of OMC.

“OMC’s products present us with an opportunity to bring another unique element into the equation by offering alternative payment channels” said Oscar Moreno, Head of Global Expansion at UniTeller.

This acquisition is aligned with UniTeller’s vision to enhance and strengthen its product capabilities to solidify its stance and emerge as a leader in the cross-border payments space. “At UniTeller, we are committed to making business decisions that drive financial inclusion for the unbanked and underbanked populations.

By allowing our immigrant communities living in the U.S. to support their loved ones back home with prepaid reloadable gift cards, we will be providing an essential tool that enables them to have broader access and the much-needed financial freedom to improve their livelihoods.” concluded Alberto Guerra, CEO of UniTeller.

While the market for remittances with gift cards as a delivery method is broad and complex, UniTeller remains optimistic and foresees promising opportunities for growth with the right mix of strategy, product, and marketing. UniTeller plans on investing further in the expansion of its distribution channels, network of affiliates, technology, and operations.

Alberto Guerra UniTeller, CEO