Wallex Has Evolved! We're Now M-DAQ Payment Solutions Pte Ltd!

We’ve an exciting announcement to make! As of 1 March 2024, Wallex Technologies Pte. Ltd. completed its evolution and has become M-DAQ Payment Solutions Pte. Ltd.! This is a pivotal point. It marks Wallex’s full integration into the M-DAQ Global following the acquisition – as we work towards becoming ASEAN's leading payments specialist.

Wallex is now a business unit of M-DAQ Global, which is licensed and regulated by the Monetary Authority of Singapore.

To our trusted and valued customers, rest assured that you will continue to interact with the Wallex brand and have full access to the same top-quality service and support that you have grown accustomed to.

The name change symbolises the M-DAQ Global coming together to create stronger opportunities to build new innovative and cutting-edge cross-border solutions, creating a multiplier effect and results that speak for themselves. With the resource backing of M-DAQ Global, Wallex as a business unit has flourished, expanding our team by over 80% since the deal announcement in early 2022.  

With such positive momentum, M-DAQ Payment Solutions will be a critical pillar of the M-DAQ Global as we embark on our goal to becoming a one-stop ASEAN payments hub for businesses.  

Following the name change, Co-founder/Head of Wallex Hiro Kiga will be appointed as the General Manager, Payments of M-DAQ Global. Hiro had this to share with us:

“It has been an incredible journey thus far for Wallex, and we are taking the next step to become one with the M-DAQ Global. The name change solidifies our commitment to leverage each other’s extensive expertise. With our combined resources, we are excited to deliver more comprehensive cross-border solutions in the future.”  

As M-DAQ Global grows bigger and stronger, we will continue to drive synergies in providing a holistic suite of FX and payment solutions and deliver a seamless transaction experience for our clients with clarity and certainty.