(MENAFN) Malaysia's Circle International Holdings Ltd. was confirmed to be cooperating with China's Lakala, aiming to facilitate cross border payments between Malaysia and China.
The Malaysian home-grown media technology group is determined to enter China's middle class and high-net worth consumer market after the cooperation deal, the group stated.
The partnership is to enable the group to leverage on Lakala's influence in e-commerce and integrated payment solutions to open e-commerce possibilities for its Business Circle users, as stated Circle International's chief executive officer Brian Tan.
Tan added "the tie-up will allow for increased monetization opportunities from China and the creation of a more complete marketplace within its proprietary Business Circle mobile application."
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