SoftPay Mobile Acquires Vietnam MPOS Technology JSC

SoftPay Mobile International, a Singapore-based mobile Point of Sale (mPOS) company, acquired Vietnam MPOS Technology JSC, a mPOS company operating in Vietnam.

The amount of the deal was not disclosed.

Under the terms of the deal, SoftPay Mobile will become a majority shareholder of Vietnam MPOS Technology JSC, whose customers include e-commerce group Lazada Vietnam, taxi group Mai Linh Taxi Group, as well as insurance companies.

Launched in late 2014 and led by Christopher Low, CEO, SoftPay Mobile is a venture-backed mPOS company with a presence in Vietnam, Malaysia, Singapore and Indonesia.
Investors include Singapore-based fintech fund Life.SREDA.

FinSMEs

21/04/2016