FFG 9.09% 1.0¢ fatfish group limited

Ann: FFG acquires payment gateway, page-25

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    • ASX:FFG
    Tech venture builder firm Fatfish Group (ASX:FFG) has acquired 55 per cent of Pay Direct Technology. Pay Direct operates QlicknPay, a payment gateway solution that allows financial institutions to onboard merchants in order to accept online payments.

    QlicknPay currently processes more than A$32 million worth of payment transactions monthly, with an annual gross payment transaction volume of more than A$380 million.

    Payment gateway technology is potentially an important infrastructure component for Fatfish. It could accelerate the roll-out of Fatfish's buy-now pay-later services across Southeast Asia.

    Shares in Fatfish Group (ASX:FFG) are trading 6.1 per cent higher at $0.122.
 
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