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u-paydigitech.com

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Stage

Corporate Majority | Acquired

About UPay Digitech

UPay Digitech develops and provide mobile payment and technology solutions and services.On March 1st, 2021, Greenergy Holdings acquired a majority stake in UPay Digitech. The terms of the transaction were not disclosed.

UPay Digitech Headquarter Location

7/F, ELJ Communications Center Eugenio Lopez Jr. Drive, South Triangle

Quezon City,

Philippines

+632-7266-7979

Latest UPay Digitech News

Banking market weekly snapshot: Deals decline, breaking four-week streak

Mar 4, 2021

Banking market weekly snapshot: Deals decline, breaking four-week streak Verdict Staff Share Article From 21 February 2021 to 27 February 2021, the banking industry saw a slight decrease in mergers and acquisitions, breaking the four-week growth streak. There were 24 deals this week, when compared to the 27 deals the previous week. Amongst the 24 deals were 19 acquisitions, 3 asset transactions, and 2 mergers. Most notably this week, M&T Bank Corporation announced the acquisition of 100% of holding company – People’s United Financial – for $7.6bn on 22 February 2021 in the US. As part of the transaction, People’s United will become the New England regional headquarters for M&T, further strengthening the combined company’s commitment to Connecticut and the region. Under the terms of the agreement, People’s United shareholders will receive 0.118 of a share of M&T common stock for each People’s United share they own. The transaction is expected to close in the fourth quarter of 2021, subject to the satisfaction of customary closing conditions, including receipt of regulatory approvals and approval by the shareholders of each company. The same day, Bank of Queensland (BOQ) revealed plans to acquire 100% of Members Equity (ME) Bank for $1.04bn in Australia. Bank of Queensland provides retail banking commercial banking, insurance, and wealth management services to individual and commercial clients. Managing director and CEO Mr George Frazis said: “This is a defining acquisition in our ongoing transformation of BOQ, benefitting our shareholders, customers, and people. Critically, ME Bank delivers material scale, broadly doubles our Retail bank, and provides geographic diversification. “It is an exciting day to see two strategically and culturally-aligned businesses come together and we look forward to continuing to build ME Bank’s strong brand, accelerate growth and create new opportunities for our people and the Group.” Completion of the acquisition is targeted before the end of BOQ’s 2021 financial year and is subject to regulatory approval. Over in the UK, professional services firm – FRP Advisory Group – announced it will acquire 100% of Spectrum Corporate Finance for $17.26m on 1 March 2021. Spectrum Corporate Finance provides debt advisory, investment management and corporate finance services. Under the terms of the agreement, the principal five shareholders of Spectrum will reinvest $5.23m of the proceeds into new ordinary shares, issued by the FRP. The transaction is expected to enable FRP Advisory to strengthen its corporate finance and debt advisory pillars and to extend their geographical footprint further into London and the south. All Spectrum employees will join FRP including its co-founders. In addition to this, Mark Farlow, Simon Sherliker, Darren Miller, and James Mines, will join FRP as partners. Finally, Greenergy Holdings Inc, a developer and manufacturer of specialty semiconductor products, will acquire a 51% stake in U-Pay Digital Technologies for $1.11m, announced on 2 March 2021 in the Philippines. Acquired from media group ABS-CBN, U-Pay Digital Technologies is a fintech company providing customer and merchant e-wallet/e-money services. The transaction is subject to a satisfactory legal, financial, and environmental, social and governance due diligence by Greenenergy. Top 5 Most Read

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Expert Collections containing UPay Digitech

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

UPay Digitech is included in 1 Expert Collection, including Payments.

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Payments

1,614 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

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