Curated News
By: NewsRamp Editorial Staff
August 20, 2025
Solowin Acquires 19% Stake in Singapore Payment Firm GPL Remittance
TLDR
- Solowin's acquisition of a 19% stake in GPL Remittance enhances its digital payment infrastructure and expands licensed payment channels for competitive advantage in cross-border finance.
- Solowin Holdings acquires 19% of Singapore-based GPL Remittance, leveraging its MPI license and 30 years of expertise to strengthen digital payment systems and compliance frameworks.
- This partnership advances global financial inclusion by improving cross-border payment efficiency and supporting secure digital finance solutions for broader economic access.
- Solowin expands into Singapore's regulated payment sector with a strategic stake in GPL, blending traditional and digital finance expertise for innovative growth.
Impact - Why it Matters
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.
Summary
Solowin Holdings (NASDAQ: SWIN), a leading financial services firm bridging traditional and digital finance, has announced a strategic acquisition of a 19% stake in GPL Remittance Pte. Ltd., a Singapore-based cross-border payment institution holding a Major Payment Institution license from the Monetary Authority of Singapore. This equity purchase agreement positions Solowin to leverage GPL's over 30 years of operational expertise, strengthening its digital payment infrastructure and expanding licensed payment channels to enhance competitiveness in the rapidly evolving financial landscape.
The acquisition underscores Solowin's commitment to building a comprehensive Web3-to-TradFi ecosystem through its Hong Kong Securities and Futures Commission licensed subsidiaries. By integrating GPL's established cross-border payment capabilities, Solowin aims to support large-scale growth in digital finance and real-world asset tokenization, solidifying its role as a key player in reshaping global finance. Investors can find the latest updates relating to SWIN through ChineseWire, a specialized communications platform focused on China-based companies listed in North America that delivers enhanced press release distribution and corporate communications solutions.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Solowin Acquires 19% Stake in Singapore Payment Firm GPL Remittance
