AMTD Digital to buy controlling stake in Singapore fintech FOMO Pay
2020-07-07 | Accounting, AI, Blockchain, Business, Education, Employment, Grants, IT & Computer, Marketing, |
AMTD Digital is looking to acquire a controlling stake in Singapore-based one-stop Quick Response (QR) code payment aggregator and payment gateway provider FOMO Pay, the two companies announced in a joint statement on Monday.
The deal is subject to approval from the Monetary Authority of Singapore, said FOMO Pay and AMTD Digital, the digital solutions platform of Hong Kong-based financial institution and Singapore digital-bank hopeful AMTD Group.
This will be AMTD Digital’s third controlling-stake acquisition in Singapore’s fintech industry recently, following its acquisitions of PolicyPal and CapBridge in June.
Read more at The Business Times here!
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