Singapore Exchange (SGX) today welcomed MC Payment Limited to its Catalist under the stock code “TVV”.
Headquartered in Singapore, MC Payment Limited is a FinTech group that provides merchant payment services and digital commerce enabling services, with a focus on servicing customers who are merchants in the retail, transportation and food and beverage industries. MC Payment Limited has a business presence in various parts of Southeast Asia namely Malaysia, Indonesia and Thailand.
Anthony Koh, Chief Executive Officer, MC Payment Limited, said, “As the first digital payments company to be listed on SGX, today marks an exciting start to MC Payment’s new growth chapter. Our listing comes at an opportune time, with digital payments in the region surging amidst the rise in online transactions, following safe-distancing measures imposed by the Covid-19 outbreak. The outlook for Asia’s digital payments industry also remains bright, with growth driven by the rapid rise of e-commerce, as well as increased access to 5G mobile technology, blockchain and AI.”
Mohamed Nasser Ismail, Global Head of Equity Capital Markets, SGX, said, “We are pleased to welcome the listing of MC Payment Limited on SGX Catalist and support the growth ambitions of Singapore’s homegrown technology company. As a payment processing platform with developed infrastructure and requisite licences across Southeast Asia, MC Payment is well-positioned to tap on SGX’s fundraising platforms and Singapore’s technology hub status as a launchpad into the region.”
With a market capitalisation of about S$139 million, the listing of MC Payment Limited brings the total number of companies listed on Catalist to 218, with a combined market capitalisation of around S$11 billion.
