Announced
Financials
Tags
Completed
Venture Capital
Private
Minority
Single Bidder
Friendly
Payments / Commerce
payment solutions
eWallet
Malaysia
Acquisition
Cross Border
Synopsis
Lazada, an international e-commerce company, led a $168m funding round in TNG Digital, Malaysia’s largest eWallet company. “I’m extremely pleased to welcome Lazada to the Touch ‘n Go eWallet family. We feel this collaboration will bring next-level value propositions to users and merchant bases across the Lazada and Touch ‘n Go ecosystem. I look forward to seeing the teams roll out these exciting collaboration opportunities to our users,” Effendy Shahul Hamid, TNG Digital CEO.
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