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Alibaba-backed Ascend Money eyes Singapore for remittance business

Thursday, December 1, 2016 - 05:50

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CEO Punnamas Vichitkulwong sees Singapore's regulatory framework as a clear benefit for fintechs.

Singapore

AN Alibaba-backed payments company spun off from Thai conglomerate CP Group may launch an international remittance business in Singapore as early as next year, its top executive said on Wednesday.

This is part of Ascend Money's ambitious push into the South-east Asian

sentifi.com

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