First Global Data Ltd FGBDF

CHINA RELATIONSHIPS ARE KEY

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FGD has a good handle on the China FINTECH equation.
Itwaru has a focused plan.



"We are very pleased to be partnering with China Smartpay. China Smartpay is a highly respected organization and we have developed a strong level of respect and trust for each other. First Global and China Smartpay will jointly deliver cross-border and other payment services to address these significant needs and growing market opportunities. We intend to leverage China Smartpay's strength and licences in China to originate transactions from China, couple that with First Global's overseas licences and cross-border payments capabilities to ensure compliant cross-border transactions, and First Global will terminate these transactions to beneficiaries which are individuals and retailers outside of China. We believe that the combined strengths of both companies will position us well to capture market share in this sizable and expanding market," said Andre Itwaru, chairman and chief executive officer of First Global Data.