M-DAQ Global and YeePay Form Strategic Partnership to Strengthen Cross-border Payment Capabilities
July 25, 2024
[25 July 2024, Singapore] - M-DAQ Global Pte. Ltd. (“M-DAQ Global”), a Singapore-headquartered fintech group specialising in cross-border FX and payments solutions, announced today that it has entered into a strategic partnership with YeePay, one of the leading enterprise payment service provider in the region, through the signing of a Memorandum of Understanding (MoU). This MoU signifies the start of a strategic partnership aimed at leveraging the strengths and expertise of both companies to enhance cross-border payment solutions for businesses in the region.
Under this MoU, M-DAQ Global and YeePay will explore opportunities to integrate their respective capabilities. This will include the provision of enhanced payment and FX management solutions for YeePay’s merchants operating outside of China, and ways to leverage YeePay’s cross-border renminbi (RMB) remittance services for M-DAQ Global.
The partnership aims to provide clients with more efficient, comprehensive, and seamless cross-border FX and payment solutions, benefitting from the combined expertise and technological advancements of both companies.
"This partnership with YeePay marks a significant step aligned with our ongoing commitment to broaden our ecosystem capabilities,” said Richard Koh, Founder & Group CEO of M-DAQ Global. "Through our synergies, we aim to deliver exceptional cross-border FX and payment solutions to enhance the value that we bring to our clients doing business into and out of China.”
“We are excited to enter into this strategic partnership with M-DAQ Global. This collaboration represents a significant step forward in our mission to provide a more secure, convenient and cost-effective payment experience on a global scale. By joining forces with M-DAQ Global, we aim to combine our strengths and resources to create innovative solutions that meet the evolving needs of our clients.” said Chen Yu, Co-founder of YeePay.
