Solowin Holdings acquires stake in GPL Remittance

Solowin Holdings (SWIN) announced the entrance of an equity purchase agreement of its 19% equity acquisition in GPL Remittance, a Singapore-based cross-border payment institution. GPL holds a Major Payment Institution license issued by the Monetary Authority of Singapore, and has over 30 years of global operational expertise. This transaction marks a strategic enhancement to Solowin’s digital payment infrastructure. Peter Lok, Chief Executive Officer of Solowin, stated: “This investment will strengthen our licensed payment channels in the region, serving not only as the compliance baseline for Solowin to conduct payment services in Singapore and globally, but also as a strategic asset that enhances our market competitiveness, expands our business boundaries, and builds long-term trust. It is both a stepping stone to enter international markets and a fundamental safeguard supporting large-scale growth and collaboration with global partners for Solowin to layout cross-border payment and digital financial ecosystem.”