M-DAQ Global buys Easy Pay Transfers to expand ASEAN footprint

By Gloria Mathias

M-DAQ Global, a Singapore-based FinTech group, has completed the acquisition of licensed B2B payments service provider Easy Pay Transfers Sdn. Bhd. (Easy Pay Transfers).

This move will enhance M-DAQ Global’s core capabilities in cross-border FinTech solutions and deepen its growing footprint in ASEAN.

Licensed under the Money Services Business Act 2011 in Malaysia, Easy Pay Transfers provides businesses with a convenient and transparent online payment service. This acquisition will bolster M-DAQ Global’s local payment capabilities in Malaysia, creating synergy with its existing suite of B2B solutions for foreign exchange and cross-border payments.

As businesses continue to expand their customer and supplier channels across the Asia Pacific region, M-DAQ Global aims to facilitate seamless cross-border transactions across regional currency corridors.

Following M-DAQ Global’s acquisition of Wallex in 2022, a B2B cross-border payments provider with an extensive presence in Singapore, Indonesia and Hong Kong, this acquisition marks the next significant step in its global growth plan to extend value across the payments value chain. With Easy Pay Transfers as part of the group, M-DAQ Global will operate in Malaysia.

Richard Koh, Founder & Group CEO of M-DAQ Global, said, “Expanding our ecosystem to support cross-border transactions better is one of our core strategies as we scale up as a business. Malaysia is a significant ASEAN market, and we are excited to welcome Easy Pay Transfers into M-DAQ Global to leverage the expertise of both parties as we build up our capabilities in the region to deliver greater value for businesses.”

Jared Ang, Founder & CEO of Easy Pay Transfers, said, “Our alliance with M-DAQ Global signifies our united aim to expand our market reach across Southeast Asia and foster greater ease of conducting business. We are thrilled to embark on this growth journey and aspire to be one of the leaders in FX and payment solutions.”

With this acquisition, M-DAQ Global is now present in 7 countries and territories, serving close to 39,000 clients globally. Its mission is to deliver seamless cross-border transactions with certainty and clarity.