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Singapore's M-DAQ Global Acquires Easy Pay Transfers to Boost Cross-Border Payments

Pat Crawley Pat Crawley Send an email
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Wednesday, 31/07/2024 | 16:14 GMT by Jared Kirui

  • M-DAQ aims to expand operations in local payments and cross-border fintech solutions.
  • By integrating Easy Pay Transfers, M-DAQ Global aims to create synergy with its existing B2B solutions.

Singapore

Singapore’s fintech firm M-DAQ Global has acquired Easy Pay Transfers, a Malaysia-based B2B payments service provider. This step targets the company’s expansion in the ASEAN region. The acquisition focuses on M-DAQ Global’s operations in local payments and cross-border fintech solutions.

M-DAQ Global Expands Its Footprint

M-DAQ Global, headquartered in Singapore, announced the acquisition of Easy Pay Transfers on July 31, 2024. Easy Pay Transfers offers businesses online payment services.

By integrating Easy Pay Transfers, the company aims to create synergy with its existing B2B solutions and enhance local payment capabilities in Malaysia. The collaboration also seeks to expand its expertise in foreign exchange and cross-border transactions.

Speaking about the acquisition, Richard Koh, the Founder and Group CEO of M-DAQ Global, said: “Expanding our ecosystem to better support cross-border transactions is one of our core strategies as we scale up as a business.”

“Malaysia is a significant ASEAN market, and we are excited to welcome Easy Pay Transfers into M-DAQ Global to leverage the expertise of both parties as we build up our capabilities in the region to deliver greater value for businesses.”

M-DAQ’s Other Acquisitions

The move followed M-DAQ Global’s acquisition of Wallex, a cross-border payments provider with a presence in Singapore, Indonesia, and Hong Kong. According to the fintech firm, the addition of Easy Pay Transfers is an important step in M-DAQ Global’s plan to enhance payment services and operate under a new entity named M-DAQ Malaysia.

With this acquisition, M-DAQ Global, licensed under Malaysia’s Money Services Business Act 2011, now operates in seven countries and territories and serves nearly 39,000 clients globally. In 2022, M-DAQ acquired Wallex, a cross-border payment company with licenses in Hong Kong, Indonesia and Singapore. Wallex also has a presence in the Asian region.

The company cited a rising demand for cross-border payments, which has reportedly significantly increased in the past few years. M-DAQ’s flagship FX solution, Aladdin, disclosed that it had since cleared billions of dollars worth of cross-border transactions.

Singapore’s fintech firm M-DAQ Global has acquired Easy Pay Transfers, a Malaysia-based B2B payments service provider. This step targets the company’s expansion in the ASEAN region. The acquisition focuses on M-DAQ Global’s operations in local payments and cross-border fintech solutions.

M-DAQ Global Expands Its Footprint

M-DAQ Global, headquartered in Singapore, announced the acquisition of Easy Pay Transfers on July 31, 2024. Easy Pay Transfers offers businesses online payment services.

By integrating Easy Pay Transfers, the company aims to create synergy with its existing B2B solutions and enhance local payment capabilities in Malaysia. The collaboration also seeks to expand its expertise in foreign exchange and cross-border transactions.

Speaking about the acquisition, Richard Koh, the Founder and Group CEO of M-DAQ Global, said: “Expanding our ecosystem to better support cross-border transactions is one of our core strategies as we scale up as a business.”

“Malaysia is a significant ASEAN market, and we are excited to welcome Easy Pay Transfers into M-DAQ Global to leverage the expertise of both parties as we build up our capabilities in the region to deliver greater value for businesses.”

M-DAQ’s Other Acquisitions

The move followed M-DAQ Global’s acquisition of Wallex, a cross-border payments provider with a presence in Singapore, Indonesia, and Hong Kong. According to the fintech firm, the addition of Easy Pay Transfers is an important step in M-DAQ Global’s plan to enhance payment services and operate under a new entity named M-DAQ Malaysia.

With this acquisition, M-DAQ Global, licensed under Malaysia’s Money Services Business Act 2011, now operates in seven countries and territories and serves nearly 39,000 clients globally. In 2022, M-DAQ acquired Wallex, a cross-border payment company with licenses in Hong Kong, Indonesia and Singapore. Wallex also has a presence in the Asian region.

The company cited a rising demand for cross-border payments, which has reportedly significantly increased in the past few years. M-DAQ’s flagship FX solution, Aladdin, disclosed that it had since cleared billions of dollars worth of cross-border transactions.

Jared Kirui

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Jared is an experienced financial journalist passionate about all things forex and CFDs.

  • 1100 Articles
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    In this video, James Glide from PipFarm discusses the current state and future of the prop trading industry. He explains how Pip Farm uses gamification to manage risk, allowing traders to unlock features like higher leverage and faster payouts by earning experience points through achievements. James addresses the inherent risk management challenges in prop trading and the importance of building a track record with traders. He touches on revenue structure, emphasizing the need for a larger client base to make trading initiatives profitable. James also discusses potential regulatory changes and Pip Farm’s readiness to adapt. The session concludes with a focus on consistency and continuous improvement in their offerings. #financemagnates #pipfarm #financialnews #tradingnews #PropTrading #RiskManagement #Gamification #TradingStrategies #FinancialRegulation 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

    In this video, James Glide from PipFarm discusses the current state and future of the prop trading industry. He explains how Pip Farm uses gamification to manage risk, allowing traders to unlock features like higher leverage and faster payouts by earning experience points through achievements. James addresses the inherent risk management challenges in prop trading and the importance of building a track record with traders. He touches on revenue structure, emphasizing the need for a larger client base to make trading initiatives profitable. James also discusses potential regulatory changes and Pip Farm’s readiness to adapt. The session concludes with a focus on consistency and continuous improvement in their offerings. #financemagnates #pipfarm #financialnews #tradingnews #PropTrading #RiskManagement #Gamification #TradingStrategies #FinancialRegulation 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

    In this video, James Glide from PipFarm discusses the current state and future of the prop trading industry. He explains how Pip Farm uses gamification to manage risk, allowing traders to unlock features like higher leverage and faster payouts by earning experience points through achievements. James addresses the inherent risk management challenges in prop trading and the importance of building a track record with traders. He touches on revenue structure, emphasizing the need for a larger client base to make trading initiatives profitable. James also discusses potential regulatory changes and Pip Farm’s readiness to adapt. The session concludes with a focus on consistency and continuous improvement in their offerings. #financemagnates #pipfarm #financialnews #tradingnews #PropTrading #RiskManagement #Gamification #TradingStrategies #FinancialRegulation 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

  • Andreas C. Kapsos | Match-Prime Liquidity

    Andreas C. Kapsos | Match-Prime Liquidity

    Andreas C. Kapsos | Match-Prime Liquidity

    Andreas C. Kapsos | Match-Prime Liquidity

    Andreas C. Kapsos | Match-Prime Liquidity

    Andreas C. Kapsos | Match-Prime Liquidity

    We had the chance to meet with Match-Prime Liquidity’s CEO, Andreas Kapsos to discuss the evolving landscape of liquidity in the trading industry at the Cyprus Expo. He highlights the increasing demand for new asset types like crypto CFDs and the role of AI in predictive analysis and sentiment tracking. Emphasizing the importance of multiple liquidity providers, he explains that having more than one provider offers better security and comparison opportunities for clients. The conversation also touches on the consolidation trend in the liquidity space and the challenges new entrants face due to high entry barriers and sophisticated market demands. #financemagnates #financialnews #TradingIndustry #Liquidity #CryptoCFDs #AIinFinance #FinancialExpo 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

    We had the chance to meet with Match-Prime Liquidity’s CEO, Andreas Kapsos to discuss the evolving landscape of liquidity in the trading industry at the Cyprus Expo. He highlights the increasing demand for new asset types like crypto CFDs and the role of AI in predictive analysis and sentiment tracking. Emphasizing the importance of multiple liquidity providers, he explains that having more than one provider offers better security and comparison opportunities for clients. The conversation also touches on the consolidation trend in the liquidity space and the challenges new entrants face due to high entry barriers and sophisticated market demands. #financemagnates #financialnews #TradingIndustry #Liquidity #CryptoCFDs #AIinFinance #FinancialExpo 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

    We had the chance to meet with Match-Prime Liquidity’s CEO, Andreas Kapsos to discuss the evolving landscape of liquidity in the trading industry at the Cyprus Expo. He highlights the increasing demand for new asset types like crypto CFDs and the role of AI in predictive analysis and sentiment tracking. Emphasizing the importance of multiple liquidity providers, he explains that having more than one provider offers better security and comparison opportunities for clients. The conversation also touches on the consolidation trend in the liquidity space and the challenges new entrants face due to high entry barriers and sophisticated market demands. #financemagnates #financialnews #TradingIndustry #Liquidity #CryptoCFDs #AIinFinance #FinancialExpo 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

    We had the chance to meet with Match-Prime Liquidity’s CEO, Andreas Kapsos to discuss the evolving landscape of liquidity in the trading industry at the Cyprus Expo. He highlights the increasing demand for new asset types like crypto CFDs and the role of AI in predictive analysis and sentiment tracking. Emphasizing the importance of multiple liquidity providers, he explains that having more than one provider offers better security and comparison opportunities for clients. The conversation also touches on the consolidation trend in the liquidity space and the challenges new entrants face due to high entry barriers and sophisticated market demands. #financemagnates #financialnews #TradingIndustry #Liquidity #CryptoCFDs #AIinFinance #FinancialExpo 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

    We had the chance to meet with Match-Prime Liquidity’s CEO, Andreas Kapsos to discuss the evolving landscape of liquidity in the trading industry at the Cyprus Expo. He highlights the increasing demand for new asset types like crypto CFDs and the role of AI in predictive analysis and sentiment tracking. Emphasizing the importance of multiple liquidity providers, he explains that having more than one provider offers better security and comparison opportunities for clients. The conversation also touches on the consolidation trend in the liquidity space and the challenges new entrants face due to high entry barriers and sophisticated market demands. #financemagnates #financialnews #TradingIndustry #Liquidity #CryptoCFDs #AIinFinance #FinancialExpo 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

    We had the chance to meet with Match-Prime Liquidity’s CEO, Andreas Kapsos to discuss the evolving landscape of liquidity in the trading industry at the Cyprus Expo. He highlights the increasing demand for new asset types like crypto CFDs and the role of AI in predictive analysis and sentiment tracking. Emphasizing the importance of multiple liquidity providers, he explains that having more than one provider offers better security and comparison opportunities for clients. The conversation also touches on the consolidation trend in the liquidity space and the challenges new entrants face due to high entry barriers and sophisticated market demands. #financemagnates #financialnews #TradingIndustry #Liquidity #CryptoCFDs #AIinFinance #FinancialExpo 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

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