Advance Intelligence Group has acquired Singapore-based fintech startup Jewel Paymentech to enhance its payment processing capabilities and strengthen its position in the Southeast Asian market.
Target Information
Advance Intelligence Group has successfully acquired Jewel Paymentech, a fintech startup located in Singapore. Jewel Paymentech is recognized for its innovative payment solutions that cater to the growing demands of digital transactions in the Southeast Asian region. By leveraging cutting-edge technology, the company has positioned itself as a key player in enhancing payment capabilities for businesses and consumers alike.
The acquisition will enable Advance Intelligence Group to broaden its portfolio of financial services and integrate Jewel Paymentech's expertise in payment infrastructure. This strategic move aims to strengthen the capabilities of both firms in providing seamless digital financial solutions.
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Industry Overview in Singapore
Singapore has emerged as a leading hub for fintech innovation, supported by a robust regulatory framework and a high adoption rate of digital payments among its population. The Monetary Authority of Singapore (MAS) has introduced various i
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