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AMTD Digital eyes controlling stake in Singapore fintech FOMO Pay
Its move in Republic's fintech industry comes after its acquisitions of PolicyPal and CapBridge in June
Published Mon, Jul 6, 2020 · 09:50 PM
Singapore
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.
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