Solowin Acquires 19% Stake in Singapore-Based GPL Remittance to Enhance Global Payment Network Expansion

Solowin Holdings has acquired a 19% stake in GPL Remittance Pte. Ltd., a Singapore-based cross-border payment institution with a Major Payment Institution license. The acquisition strengthens Solowin's licensed payment channels in the region and enhances its market competitiveness, expanding its business boundaries and building long-term trust. The MPI license is Singapore's most comprehensive payment license, covering traditional and innovative payment services while ensuring alignment with MAS' regulatory standards.

Solowin Holdings (NASDAQ: SWIN), a leading global financial services firm, has announced a strategic acquisition of a 19% equity stake in GPL Remittance Pte. Ltd. [1]. GPL is a Singapore-based cross-border payment institution that holds a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This acquisition represents a significant step in Solowin's global expansion strategy, particularly strengthening its licensed payment infrastructure in Singapore and internationally.

The MPI license, Singapore's most comprehensive payment authorization, enables both traditional and innovative payment services while maintaining strict regulatory compliance. This acquisition not only solidifies Solowin's position in the Singaporean market but also enhances its global competitiveness by providing a robust compliance baseline for conducting payment services across various regions.

Peter Lok, Chief Executive Officer of Solowin, commented on the acquisition, stating, "This investment will strengthen our licensed payment channels in the region, serving not only as the compliance baseline for Solowin to conduct payment services in Singapore and globally, but also as a strategic asset that enhances our market competitiveness, expands our business boundaries, and builds long-term trust. It is both a stepping stone to enter international markets and a fundamental safeguard supporting large-scale growth and collaboration with global partners for Solowin to layout cross-border payment and digital financial ecosystem."

Solowin Holdings operates in both traditional and Web3 industries, delivering a unique, full-spectrum ecosystem that bridges traditional and decentralized finance. With this acquisition, the company aims to further solidify its role as a key player in reshaping global finance through a seamless Web3-to-TradFi ecosystem.

The MPI license, issued by MAS, covers traditional and innovative payment services while ensuring alignment with world-class regulatory standards. This license empowers entities to scale globally, integrate digital and fiat services, and build trust with clients and partners, making it a cornerstone for businesses aiming to lead in Asia’s dynamic payment landscape.

For more information, visit Solowin Holdings' website at [https://solowin.io](https://solowin.io) or their investor relationship website at [https://ir.solowin.io](https://ir.solowin.io).

References:
[1] https://www.stocktitan.net/news/SWIN/solowin-acquires-stake-in-singapore-mpi-licensed-firm-to-accelerate-wqt6svu36ggw.html