Today In Digital-First Banking: Sea Purchases Indonesian Bank BKE; PSCU Extends Partnership With Fiserv
PYMNTS
JANUARY 13, 2021
The purchase is said to be in line with Sea’s aim to expand its position as a FinTech trailblazer throughout the region. MoMo reportedly intends to use the funds to bankroll plans to become a “super app” as well as to go public in 2025. Shares were reportedly bought from current investors PT Koin Investama Nusantara Ltd.
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