Southeast Asian m-payments company Soft Space acquires Fasspay

Tuesday 28 October 2014 10:39 CET | News

Soft Space, a Southeast Asian white-label mobile point-of-sale platform maker, has acquired Fasspay, a payment service provider based in Malaysia.

Soft Space currently partners with 14 banks in the Southeast Asian region, where its point-of-sale systems are used. Clients currently include CIMB Group, an investment bank in Asia outside of Japan.

The acquisition price was undisclosed. Furthermore, the acquisition is set to enable Soft Space to add companies in the retail, aviation, and automobile industries, including Air Asia and Toyota, to its list of customers. Soft Space will also be able to access small-to-medium enterprises via the Malaysian government’s SME Corp initiative, since Fasspay is an appointed merchant acquirer.

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Keywords: Soft Space, Fasspay, Southeast Asian, m-payments, white-label, mobile, point-of-sale, platform, payment, CIMB Group, SME Corp
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce