NetX teams up with Finexia to roll out forex digital platform in Australia

KUALA LUMPUR: Netx Holdings Bhd has teamed up with Finexia Securities Ltd, a licensed financial services firm in Australia, to roll out a currency exchange digital platform with in-built e-wallet functions.

The E-FX Platform was developed by NetX.

Under the deal, Finexia will be responsible to secure "as soon as possible" the fintech regulatory sandbox license from the Australian Securities and Investment Commission for the initial real market testing of the E-FX Platform.

NetX said the initial roll out and real market testing of the E-FX Platform will be carried out in Malaysia and Australia.

Shares in NetX climbed 0.5 sen to close at 1.5 sen today with more than 146 million shares traded.

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NetX , Finexia , forex


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