SGX welcomes MC Payment Limited to Catalist

Singapore Exchange (SGX) today welcomed MC Payment Limited, a FinTech group that provides merchant payment services and digital commerce enabling services to its Catalist under the stock code "TVV".

Headquartered in Singapore, MC Payment Limited focuses on servicing customers who are merchants in the retail, transportation and food and beverage industries.  MC Payment Limited has a business presence in various parts of Southeast Asia namely Malaysia, Indonesia and Thailand.

Anthony Koh, Chief Executive Officer, MC Payment Limited, said, "As the first digital payments company to be listed on SGX, today marks an exciting start to MC Payment's new growth chapter. Our listing comes at an opportune time, with digital payments in the region surging amidst the rise in online transactions, following safe-distancing measures imposed by the Covid-19 outbreak. The outlook for Asia's digital payments industry also remains bright, with growth driven by the rapid rise of e-commerce, as well as increased access to 5G mobile technology, blockchain and AI."

Mohamed Nasser Ismail, Global Head of Equity Capital Markets, SGX, said, "We are pleased to welcome the listing of MC Payment Limited on SGX Catalist and support the growth ambitions of Singapore's homegrown technology company. As a payment processing platform with developed infrastructure and requisite licences across Southeast Asia, MC Payment is well-positioned to tap on SGX's fundraising platforms and Singapore's technology hub status as a launchpad into the region."

Catalist was established in November 2007 as the successor of Sesdaq, and is one of the two boards of the Singapore Exchange (SGX). It is the first sponsor-supervised listing platform in Asia for local and international growth companies.