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PayHalal is one of the local financial solution service providers, which allows retailers to use their platform in various integrations involving finance and payment. Most recently, HeiTech Padu announced that it will take over a 30% stake in the other company, Souqa Fintech, involving a transaction amounting to RM16.17 million.
HeiTech Padu's move is seen to be in line with their target to continue focusing on the digital arena, in addition to complementing their existing business. The PayHalal offer is expected to be integrated on various offers and solutions by HeiTech padu to their customers.
For Souqa Fintech itself, it is expected to allow companies and their product offerings to continue to grow further in the local financial solution service offering arena.