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Last quarter kicked off with a piece of fantastic news. We are absolutely delighted to announce that Wallex has officially joined the M-DAQ Global family!

Wallex, a leading B2B FX and cross-border payment platform, empowers businesses in the region to scale and innovate. BI recently reported Wallex processes 80% of the non-bank outbound payments from Indonesia.

This acquisition provides a happy synergy for both parties. Wallex's customers can now enjoy an enhanced FX experience through M-DAQ’s Aladdin, which offers guaranteed FX rates and helps businesses achieve more competitive pricing. At the same time, M-DAQ's clients can now benefit from improved reporting accuracy and regulatory reporting requirements by utilising Wallex's technology through its existing currency corridors.

This is a huge milestone for us and the first of many steps in expanding our ecosystem. Together, we'll be able to deliver greater value to our clients internationally. Watch this space closely for we have big plans for the days ahead!