As of 1 March 2024, Wallex Technologies Pte. Ltd. has completed its evolution and become M-DAQ Payment Solutions Pte. Ltd., marking Wallex’s full integration into the M-DAQ Group following the acquisition, as well as indicating our dedication to becoming the leading ASEAN payments specialist.  

The name change symbolises the M-DAQ Group coming together to create stronger opportunities to build new innovative and cutting-edge cross-border solutions, creating a multiplier effect and results that speak for themselves. With the resource backing of the Group, Wallex as a Strategic Business Unit (SBU) has thrived with an increase in headcount by over 80% since the deal announcement in early 2022.  

With such positive momentum, M-DAQ Payment Solutions will be a critical pillar of the M-DAQ Group as we embark on our goal to becoming a one-stop ASEAN payments hub for businesses.  

Following the name change, Co-founder/Head of Wallex SBU Hiro Kiga will be appointed as the General Manager, Payments of M-DAQ Group. Hiro had this to share with us:

“It has been an incredible journey thus far for Wallex, and we are taking the next step to become one with the M-DAQ Group. The name change solidifies our commitment to leverage each other’s extensive expertise. With our combined resources, we are excited to deliver more comprehensive cross-border solutions in the future.”  

As the Group grows bigger and stronger, we will continue to drive synergies in providing a holistic suite of FX and payment solutions and deliver a seamless transaction experience for our clients with clarity and certainty.