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
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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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