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Myanmar’s MyPay in serious talks to acquire Singapore’s Fastacash; Co-founder rejoins board after absence

Kevin McSpadden, writing for E27;

Two Southeast Asian payment companies that specialise in using social media to facilitate money transfers are in serious acquisition talks and expect the deal to be done in the coming months.

The Singaporean online payment company fastacash has been approached with an acquisition offer from Myanmar’s MyPay and are moving forward with the deal, fastacash General Manager Mark Carter told e27.

The deal has been approved by Fastacash shareholders and is expected to be completed in the next 60-90 days.

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