Digital Wallet Group Acquires RediMoney Express to Enter into Singapore Market

Digital Wallet Group (DWG), an international IT and fintech company, announced that it has acquired RediMoney Express Pte Ltd (REPL), a licensed remittance and foreign exchange company and a subsidiary of Asia United Bank (AUB). The Monetary Authority of Singapore (MAS) has approved DWG’s acquisition.

DWG’s subsidiary, Digital Wallet Corporation (DWC), is the creator of Japan’s first and most popular mobile remittance application, Smiles Mobile Remittance (Smiles). This acquisition will allow DWG to expand Smiles in the Asia Pacific, serve more customers and boost its market presence in the region.

With this acquisition, DWG will bring its expertise in artificial intelligence and fintech to complement REPL’s counter remittance service. Additionally, DWG will give customers an enhanced user experience with its competitive exchange rate, convenience, affordability, speed, and 24/7 customer support.  

“Our entry into Singapore through the acquisition of RediMoney Express Pte Ltd is the fruition of a strong partnership with Asia United Bank. Furthermore, having a presence in Singapore is strategic to our global expansion plans in building traction with a sizeable migrant worker community,”said Eiji Miyakawa, founder and Chief Executive Officer of DWG.

“With Digital Wallet Group behind the wheel of RediMoney Express Pte Ltd, we are confident that customers can continue to enjoy exceptional service as we expect DWG to stay true to its promise of bringing smiles across the miles,”said Manuel A. Gomez, President of AUB.