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Malaysian fintech company Merchantrade buys Telenor unit

Deal makes digital money service country's largest in remittance business

Merchantrade's purchase of Valyou increases its market share in cross-border remittance services, which are mainly used by migrant workers.   © Reuters

KUALA LUMPUR -- Malaysian digital money service Merchantrade Asia has completed its acquisition of fintech company Valyou from the Norwegian telecom major Telenor Group, following competitive bidding.

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