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Nets to buy two OCBC-owned payment firms

Published Tue, Apr 11, 2017 · 09:50 PM
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Singapore

NETS will buy two payment companies wholly owned by OCBC Bank as part of the move to go cashless in Singapore.

Nets said on Tuesday that it has inked the deal to buy Banking Computer Services Private Limited (BCS) and BCS Information Systems Pte Ltd (BCSIS) - both wholly owned by OCBC - in a transaction worth S$38 million.

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