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M-DAQ, one of Singapore’s leading fintech companies, recently announced the completion of its acquisition of Wallex. The company called its latest acquisition a “significant milestone.”
The latest announcement from M-DAQ comes about six months after the company first confirmed its plans to acquire Wallex. Through this acquisition, M-DAQ plans to expand its global presence.
With licenses in Hong Kong, Indonesia and Singapore, Wallex is one of the prominent cross-border payment providers. The company has extensive operations in the Asian region.
Today, we are pleased to announce that Wallex has become part of M-DAQ Global.This synergy is the first of many steps to expand our ecosystem. This is an incredibly exciting milestone for us. We will continue to work as one team to deliver greater value to our customers around the world,” said M-DAQ in a statement. said in the post. LinkedIn.
The overall demand for smooth cross-border payments has increased significantly over the past few years. Aladdin, M-DAQ’s flagship FX solution, has settled billions of dollars worth of cross-border trades.
M-DAQ is also investing in building an ecosystem that complements our core FX business. In this case, M-DAQ will be the upstream FX provider and Wallex will be the liquidity needed to run our core payments business. This business model is an ecosystem of businesses that complement each other, reduce duplication, increase efficiency, and ultimately reduce end-client transaction costs, resulting in economies of scale. That’s it.” .
M-DAQ, one of Singapore’s leading fintech companies, recently announced the completion of its acquisition of Wallex. The company called its latest acquisition a “significant milestone.”
The latest announcement from M-DAQ comes about six months after the company first confirmed its plans to acquire Wallex. Through this acquisition, M-DAQ plans to expand its global presence.
With licenses in Hong Kong, Indonesia and Singapore, Wallex is one of the prominent cross-border payment providers. The company has extensive operations in the Asian region.
Today, we are pleased to announce that Wallex has become part of M-DAQ Global.This synergy is the first of many steps to expand our ecosystem. This is an incredibly exciting milestone for us. We will continue to work as one team to deliver greater value to our customers around the world,” said M-DAQ in a statement. said in the post. LinkedIn.
The overall demand for smooth cross-border payments has increased significantly over the past few years. Aladdin, M-DAQ’s flagship FX solution, has settled billions of dollars worth of cross-border trades.
M-DAQ is also investing in building an ecosystem that complements our core FX business. In this case, M-DAQ will be the upstream FX provider and Wallex will be the liquidity needed to run our core payments business. This business model is an ecosystem of businesses that complement each other, reduce duplication, increase efficiency, and ultimately reduce end-client transaction costs, enabling economies of scale. That’s it.” .
