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2,532.0
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  • STI Straits Times Index
    2,532.0
    -13.5 (-0.53%)
     
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    4.2 (0.26%)
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News - Detailed News Story

SPH

Stock Chart
Last Done 1.110
Change +0.010 (+0.91%)
Volume 7,224
Range 1.090 - 1.150

Singtel

Stock Chart
Last Done 2.360
Change -0.020 (-0.84%)
Volume 20,143.5
Range 2.350 - 2.410

SIA

Stock Chart
Last Done 3.580
Change +0.090 (+2.58%)
Volume 5,068.2
Range 3.510 - 3.640

OCBC Bank

Stock Chart
Last Done 8.720
Change - (-)
Volume 5,170.2
Range 8.680 - 8.820

Genting Sing

Stock Chart
Last Done 0.670
Change -0.010 (-1.47%)
Volume 24,373.1
Range 0.670 - 0.685

AMTD IB OV

Stock Chart
Last Done 17.200
Change +1.200 (+7.50%)
Volume 0.6
Range 16.500 - 17.200

AMTD Digital eyes controlling stake in Singapore fintech FOMO Pay

08 Jul 2020 09:00

By Rachel Chia,Its move in Republic's fintech industry,comes after its acquisitions,of PolicyPal,CapBridge in June

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.

The FOMO Pay deal will reinforce AMTD Digital's strategic expansion in South-east Asia out of the latter's global headquarters in Singapore.


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Source: Business Times
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