Solowin Holdings Acquires 19% Stake in Singapore Payment Institution GPL Remittance
TL;DR
Solowin's acquisition of a 19% stake in GPL Remittance enhances its digital payment infrastructure and expands licensed payment channels for competitive advantage in cross-border finance.
Solowin Holdings acquires 19% of Singapore-based GPL Remittance, leveraging its MPI license and 30 years of expertise to strengthen digital payment systems and compliance frameworks.
This partnership advances global financial inclusion by improving cross-border payment efficiency and supporting secure digital finance solutions for broader economic access.
Solowin expands into Singapore's regulated payment sector with a strategic stake in GPL, blending traditional and digital finance expertise for innovative growth.
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Solowin Holdings (NASDAQ: SWIN), a financial services firm providing solutions across traditional and digital assets, has entered into an equity purchase agreement to acquire a 19% stake in GPL Remittance Pte. Ltd., a Singapore-based cross-border payment institution holding a Major Payment Institution license from the Monetary Authority of Singapore. This acquisition strengthens Solowin's digital payment infrastructure and positions the company to expand its licensed payment channels, enhance competitiveness, and support large-scale growth in cross-border payments and digital finance.
The strategic investment leverages GPL Remittance's over 30 years of operational expertise in the payment industry. This move is significant as it provides Solowin with access to regulated payment infrastructure in Singapore, a key financial hub in Asia. The acquisition aligns with Solowin's broader strategy to bridge traditional and decentralized finance through its Hong Kong Securities and Futures Commission licensed subsidiaries with full digital asset capabilities.
For investors and the financial industry, this development signals Solowin's commitment to expanding its Web3 Infrastructure Division and delivering compliance traditional finance, real-world asset tokenization, and global digital payment solutions. The latest news and updates relating to SWIN are available in the company's newsroom at https://ibn.fm/SWIN.
The transaction represents a meaningful step in the convergence of traditional finance and digital assets, particularly in the cross-border payments sector which has seen increasing demand for efficient, regulated solutions. This acquisition could potentially enhance Solowin's ability to serve clients requiring seamless cross-border transaction capabilities while maintaining regulatory compliance standards.
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Curated from InvestorBrandNetwork (IBN)
