M-DAQ Acquires Wallex Technologies to Expand Cross-Border B2B

M-DAQ Acquires Wallex Technologies to Expand Cross-Border B2B Payments

0
176
M-DAQ Acquires Wallex Technologies

M-DAQ Acquires Wallex Technologies,to Expand Cross-Border B2B Payments

Financial technology (fintech) company M-DAQ officially acquired a business-to-business (B2B) payment provider, Wallex Technologies, Tuesday (22/2/2022).

This acquisition is the first step for M-DAQ to begin global growth expansion, in order to target various market opportunities and expand the reach of the company’s downstream value chain.

Founder and Group CEO of M-DAQ, Richard Koh, said this synergy allows companies to reach more MSMEs and customers in order to provide added value and solutions to reduce their business operating costs.

“M-DAQ and Wallex Technologies will also continue to aggressively recruit teams so they can go further,” said Richard Koh in an official statement.

Meanwhile, Wallex Technologies’ Co-founder and CEO, Hiro Kiga, said the company always strives to provide the most cost-effective, fast, and secure payment solutions for global businesses.

read also: Zenius Collaborates with Disney to Present Educational Content

“The combination of Wallex Technologies’ network and M-DAQ expertise allows us to help cross-border businesses on a much larger scale. We are optimistic that we can achieve business targets together by leveraging the strengths of each platform,” he said.

In addition to the funds disbursed for acquisitions, M-DAQ also injected new capital to accelerate Wallex’s business. This combined entity will process a gross transaction value of more than Rp 158 trillion this year.

Wallex itself will continue to operate as an independent business entity, under the leadership of Hiro Kiga, Co-Founder and COO, who has been appointed as the new CEO.

Wallex facilitates cross-border B2B payments for companies in Indonesia, Singapore and Hong Kong.

By offering a practical and fast transaction process. and competitive exchange rates and service fees to more than 180 countries.

read also: Elon Musk company will build a tunnel 9.6 km beneath the city of Miami

With a customizable API system. Wallex also supports leading fintech companies in Asia.

To innovate and scale their business by leveraging Wallex’s infrastructure to build cross-border services

Income Growth Amid a Pandemic
In the midst of the Covid-19 pandemic, Wallex claims to have managed to record annual revenue growth of up to 5.5 times in the last year.

The Wallex platform serves nearly 2,000 clients in the banking and technology sectors.

as well as processing the gross transaction value of nearly IDR 42 trillion annually.

This acquisition step provides strategic synergy for both parties. Through Wallex, M-DAQ clients can take advantage of a sophisticated electronic fund transfer system for a wide selection of currencies. This will increase the accuracy of corporate reporting and regulatory requirements.

Wallex customers can enjoy a better currency exchange process through the M-DAQ solution. Because it can guarantee currency exchange rates and prices are more competitive. through aggregation capabilities and the M-DAQ algorithm.

https://public.flourish.studio/visualisation/8775639/

https://public.flourish.studio/visualisation/8775675/

https://public.flourish.studio/visualisation/8776076/

https://public.flourish.studio/visualisation/8776108/

https://public.flourish.studio/visualisation/8776838/

https://public.flourish.studio/visualisation/8776855/

https://public.flourish.studio/visualisation/8777259/

https://public.flourish.studio/visualisation/8777274/

https://figshare.com/s/446052834b6bb1907309

https://figshare.com/s/b18ee2c085467e2f300b

https://figshare.com/s/9c85d2ae7dd10f34f12f

https://figshare.com/s/d3cef1b3171b3bdd60d7

https://figshare.com/s/7d2804b3b5821ff03a15

https://figshare.com/s/c578dddd43244e253e27

https://minimore.com/b/CtDhN/1

https://minimore.com/b/8ETvb/1

https://minimore.com/b/IgMZk/1

https://mindvalley.kl.tis.edu.my/user/jujutsukaisen0themovie

https://mindvalley.kl.tis.edu.my/user/toocooltokillzhmovies

https://mindvalley.kl.tis.edu.my/user/deathonthenile

https://death-on-the-nile-tw-movies.gitbook.io/ni-luo-he-mou-sha-an-zai-xian-guan-kan-mian-fei-dian-ying-hd-tai-wan-dian-ying-wan-zheng-ban-zai-xia/

https://watch-toocooltokill-tw.gitbook.io/zhe-ge-sha-shou-bu-tai-leng-jing-2022-too-cool-to-kill-zai-xian-guan-kan-mian-fei-xia-zai-hd/

https://i-fell-in-love-like-a-flower-bou.gitbook.io/kan-hua-shu-ban-de-lian-ai-zai-xian-gao-qing-1080-tai-wan-dian-ying-wan-zheng-ban/