Singapore’s SUNRATE secures payment business license in China

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2025-08-18 14:35:05 -

SUNRATE, the Singapore-based payment and treasury management platform, announced last Friday that it has secured a payment business license in China following its successful acquisition of a 100 percent stake in Transfar Pay, a unit of Shenzhen-listed Transfar Group. SUNRATE said in a statement that the RMB 315 million ($43.8 million) acquisition has received approval from relevant Chinese...

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