Digital Wallet to acquire Speed Money Transfer Philippines.

Digital Wallet, a Japan-based fintech company, agreed to acquire Speed Money Transfer Philippines, a licensed remittance and foreign exchange company. Financial terms were not disclosed. “Our Philippines acquisition is the first step in our global expansion strategy to deploy our Mobile Wallet service ‘Smiles’ to Asia and Europe. As we continue to expand our global services and footprint, my vision is for Digital Wallet Philippines to fast-track our growth in the market and to grow the team to 3 to 5 times its size by 2020,” Eiji Miyakawa, Founder and Chief Executive Officer of Digital Wallet Corporation.