ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
DealStreetAsia

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more