Exchanges

Malaysian Money Exchange Selects Dragonfly Fintech for Payment Solution

Singapore-based Dragonfly Fintech has announced its deal to power Metro Money Exchange, a Malaysian licensed wholesale and money remittance company using the NEM’s blockchain technology. The payment and settlement solution will be implemented in partnership with BC Fintech Sdn Bhd, a Dragonfly system integrator. The solution will drive the entire remittance chain, from wholesale foreign exchange to the receipt of fiat money at the recipient’s end – tapping into a market that is estimated to be worth about $10 billion per annum in Malaysia.

Lon Wong, CEO of Dragonfly Fintech, remarked: “It is about transforming the money remittance space and repositioning the service as a platform business allowing near frictionless participation,”

platforms and applications.

READ MORE OF ARTICLE AT CHAIN-FINANCE.COM

Based near Windsor, England, Matthew Warner is an enthusiast for innovative, cutting edge technologies. He is a B.Eng. graduate in engineering with honors from the University of Warwick and also holds an PGCE in education degree. Matthew is a member of Mensa.
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