Merchantrade buys money changer Vital Rate


KUALA LUMPUR: Merchantrade Asia Sdn Bhd, the biggest money services business (MSB) provider by agent network in the country, has acquired money changing company Vital Rate Sdn Bhd.

Merchantrade’s founder and managing director Ramasamy K. Veeran said the acquisition is in line with the company’s strategic goal in capturing the retail market of the money exchange business, especially at prime locations.

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