- Lynx Global Digital Finance Corporation (LYNX) has acquired a 21.62 per cent interest in StyloPay
- The StyloPay card issuance and BaaS platform will integrate directly into Lynx’s Southeast Asia operations allowing businesses to offer a variety of integrated digital and physical financial card and payment options to customers
- Global card issuance, IBAN, eWallet, prepaid card programs and cryptocurrency will be available on one platform
- StyloPay offers platform-as-a-service for payment solutions and simplified domestic and international payments
- Lynx Global Digital Finance Corporation provides financial technology, solutions and services to large-scale merchants, financial institutions and other B2B industry partners
- Lynx Global Digital Finance Corporation (LYNX) opened trading at C$0.25 per share
Lynx Global Digital Finance Corporation (LYNX) has acquired a 21.62 per cent interest in StyloPay.
Combining StyloPay’s fully-integrated card issuance under one platform, businesses in Southeast Asia will be able to offer a variety of integrated digital and physical financial card and payment options to their customers.
Michael Penner, Chief Executive Officer of Lynx commented on the opportunity.
“We believe that providing local small and medium businesses with the ability to offer their customers, vendors and employees a prepaid card will be one of the significant driving forces to banking the unbanked and driving economic growth in the region. We are keen to work with StyloPay’s integrated platform to empower any business to offer various financial services to its customers, thereby opening the digital economy to many more.”
StyloPay has built a B2B platform that simplifies domestic and international payments. Businesses, regardless of their size, can choose between the API and hosted models and can leverage StyloPay’s global reach through local card issuance capabilities, remittance, and BAAS (banking as a service) in many countries.
Stylopay has also simplified the card launch product for any organization that is interested in offering branded credit/debit payment cards.
Mr. Avishek Singh, Chief Executive Officer of StyloPay commented,
“We are pleased to announce Lynx’s investment in StyloPay, which we believe will bring synergy to the product ranges of StyloPay and Lynx group of companies. This relationship will help our B2B clients launch digital banking, remittance and card programs across geographies, including SEPA, North and Latin America, Asia and the Middle East. Full API stack is available to our business partners for easy integration into their interfaces. We, along with Lynx, will continue in our endeavour to develop products and services that will help customers to take their first step towards a safer and a more convenient way to spend and manage their cash.”
Lynx Global Digital Finance Corporation provides financial technology, solutions and services to large-scale merchants, financial institutions and other B2B industry partners.
StyloPay, headquartered in London, UK offers platform-as-a-service for payment solutions and simplified domestic and international payments.
Program distributors can offer these programs to their customers with their brand/logo.
Lynx Global Digital Finance Corporation (LYNX) opened trading at C$0.25 per share.
