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Malaysian firms partners China's Lakala for cross border payments

Xinhua Financein KUALA LUMPUR
2018-06-12 09:42

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Malaysia's home-grown media technology group Circle International Holdings Ltd. has partnered with China's payment gateway firm Lakala to facilitate cross border payments between Malaysia and China.

Circle International said in a statement Monday that the group is poised to tap China's fast-growing middle class and high-net worth consumer market following the partnership.

Circle International's chief executive officer Brian Tan said, through the partnership, the group can leverage on Lakala's strength in e-commerce and integrated payment solutions to enable seamless e-commerce possibilities for its Business Circle users, particularly those from China.

"The tie-up will allow for increased monetization opportunities from China and the creation of a more complete marketplace within its proprietary Business Circle mobile application," he said, adding that it would contribute positively to the group's revenue in 2019.
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