MC Payment launches on Catalist

The fintech company is the first digital payments services firm listed on the SGX.

Online transactions platform MC Payment debuted on the Singapore Exchange on 22 February, with an estimated market cap of $139m. It's listing through Catalist was sponsored by ZICO Capital Pte. Ltd.

“This listing on SGX will provide an excellent platform for MC Payment’s future growth. We see bright prospect underpinned by the rapid rise of e-commerce, the surge in digitisation, as well as increased access to 5G mobile technology, and growth opportunities in the field of blockchain and AI. Forecasts of a robust growth trajectory for Southeast Asia’s digital consumer population growth also augur well for our future opportunities in this space,” MC Payment CEO Anthony Koh said in a statement.

The company operates in Singapore, Malaysia, Indonesia and Thailand, with plans to expand to other nations in the region.

This listing followed MC Payment's reverse takeover of Artivision Technologies Lt. on 18 February.