PETALING JAYA: Axiata Group Bhd plans to have a joint venture (JV) with money services business provider Merchantrade Asia Sdn Bhd to offer digital financial services and solutions.
In a filing with Bursa Malaysia, the Asia-regional telecommunications group said its digital services arm, Axiata Digital Services Sdn Bhd (ADS), which has invested over US$160mil (RM670.7mil) to build a portfolio of 29 digital assets, yesterday completed the incorporation of Merchantrade Digital Services Sdn Bhd (MDS), the designated vehicle for the JV.