Kenanga buys stake in money services operator Merchantrade

KUALA LUMPUR (Oct 28): Kenanga Investment Bank Bhd said it has acquired 4.99% equity interest in Merchantrade Asia Sdn Bhd, a leading e-money player and the country’s largest money services business operator.

This follows Kenanga’s recent collaboration with Merchantrade to introduce Malaysia’s first stockbroker e-wallet, Kenanga Money, it said in a statement today.

https://www.theedgemarkets.com/article/kena...or-merchantrade