FAQ: Solowin Holdings' Acquisition of 19% Stake in GPL Remittance

What is the main announcement in this content?

Solowin Holdings has entered into an equity purchase agreement to acquire a 19% stake in GPL Remittance Pte. Ltd., a Singapore-based cross-border payment institution.

Why is this acquisition significant for Solowin Holdings?

The acquisition strengthens Solowin’s digital payment infrastructure, positions the company to expand licensed payment channels, enhances competitiveness, and supports large-scale growth in cross-border payments and digital finance.

What type of license does GPL Remittance hold?

GPL Remittance holds a Major Payment Institution license from the Monetary Authority of Singapore.

How much operational expertise does GPL Remittance bring to Solowin?

GPL Remittance has over 30 years of operational expertise in cross-border payments.

What is Solowin Holdings’ core business?

Solowin Holdings is a financial services firm providing comprehensive solutions across traditional and digital assets, operating a Web3 Infrastructure Division with Hong Kong SFC licensed subsidiaries.

Where is GPL Remittance based and where does it operate?

GPL Remittance is based in Singapore and operates as a cross-border payment institution.

How can investors get more information about Solowin Holdings?

The latest news and updates relating to SWIN are available in the company’s newsroom at https://ibn.fm/SWIN.

What specific capabilities does this acquisition provide Solowin?

The acquisition provides Solowin with enhanced digital payment infrastructure, licensed payment channels, and expertise in cross-border payments to support growth in digital finance.

Where can I view the full press release about this acquisition?

The full press release can be viewed at https://ibn.fm/IElof.