Blockchain Registration Transaction Record

Solowin Acquires 19% Stake in Singapore Payment Firm GPL Remittance

Solowin Holdings acquires 19% stake in Singapore's GPL Remittance to expand cross-border payment capabilities and strengthen digital finance infrastructure in Asia.

This acquisition matters because it represents a significant consolidation in the cross-border payments sector, particularly between traditional finance and emerging digital asset ecosystems. For businesses and consumers, it signals improved efficiency and expanded capabilities in international money transfers and digital finance services. The integration of GPL's licensed payment infrastructure with Solowin's Web3 expertise could accelerate the adoption of blockchain-based financial solutions while maintaining regulatory compliance. This move also highlights the growing convergence between Asian and global financial markets, potentially offering more competitive rates and faster transaction times for cross-border payments in the region.