Announced
Financials
Sources
Tags
Singapore
payments
Payments / Commerce
Acquisition
Private
Majority
Private Equity
Pending
Friendly
Single Bidder
Domestic
Synopsis
Tower Capital Asia, an Investment company, agreed to acquire a 77.8% stake in AXS, a payments firm, from DBS Bank, a banking and financial services corporation. Financial terms were not disclosed. “The recent explosion in digital payments globally is providing a formidable tailwind for AXS, an established player, to seek growth via new business segments and markets,” Danny Koh, Tower Capital Asia Founder and CEO.
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