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Thursday, July 12, 2018

US-based Weyland Tech to spin off Indonesia-focused e-wallet business AtozPay




US Weyland Tech Inc., a provider of mobile application business, proposed a separate entity to divert your business's electronic wallet, which was launched as a platform for AtozPay in Mobile Payment in Indonesia, and an initial public offering for that I am seeking an IPO.

According to the company's statement, it authorizes Price Waterhouse Coopers advising not only the IPO derivatives and structure, but also the ongoing audit function of the electronic wallet business.

Weyland Tech has launched AtozPay in Indonesia, the fourth most populous in the world. A US company says the settlement platform is already experiencing the rapid growth of transactions.

He has established relationships with several large companies in Indonesia including Go-Jek to provide payment for products and service lines.

AtozPay launch in Indonesia on a month this year, Weyland Tech Brent Suen CEO said: "Indonesian economy is much bigger than most people think.

The population has a high penetration of smart phones, but the market is very fragmented as major players around the world in mobile payment such as GooglePay, ApplePay, Alipay and Samsung pay are not working.

In fact, countries like Indonesia are the best places to establish a company like Weyland. In Indonesia, Weyland offers a large growth market.

The e-wallet operated in December 2017 until April 2018 before its official announcement on "Beta closed" environment in May.

Weyland predicted that the platform will reach the total capacity of $ 30 million 2019, $ 800,000 transactions in 2018.

As a part of indirect exercise, a corporation in the United States was established. UU This is temporarily used as a management company of weyland tech property of e-wallet business.

Each Weyland Tech shareholder receives allocation of derivative transactions. The main proposal by Weyland Tech, the CreateApp platform, is focused on Asian markets.

With this platform, small businesses can create native mobile applications for Apple iOS and Google Android without technical or technical knowledge. According to the statement, CreateApp provides mobile presence to companies in emerging markets.

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