With a market cap of around S$139 million (appr. $105.4 million), the listing of MC Payment Limited brings the total number of firms listed on Catalist to 218, with a total market cap of about S$11 billion ($8.34 billion).
Based in Singapore, MC Payment Ltd is a Fintech firm that offers merchant payment services and e-commerce enabling solutions, with a special focus on servicing clients who are merchants in the retail, transportation and food and beverage sectors.
MC Payment Ltd maintains a business presence in several different Southeast Asian countries including Malaysia, Indonesia and Thailand.
Anthony Koh, CEO at MC Payment Limited, stated:
“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.”
Mohamed Nasser Ismail, Global Head of Equity Capital Markets, SGX, noted that they are pleased to welcome the listing of MC Payment Limited on SGX Catalist and will be supporting the “growth ambitions” of Singapore’s homegrown tech firm.
Ismail added that as a payment processing platform with properly developed infrastructure and the appropriate licenses 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.”
Founded in 2005, MC Payment Pte Ltd is an e-payment solution provider with headquarters in Singapore.
The company mainly works with acquiring banks and solution providers to provide merchants a “secure” and “compliant” processing platform.
MC Payment says it aims to solve all our payment problems. The company processes payments locally and globally with its wide range of payment methods, cross-border processing services and international payment network.