Green Packet buying e-KYC specialist firm

PETALING JAYA: Green Packet Bhd is acquiring technology firm Xendity Pte Ltd for US$10mil (RM43mil), as part of its move to strengthen its digital identity verification services.

The Singapore-based Xendity, which has significant operations in Malaysia and making inroads into Indonesia, specialises in identity verification processes using e-KYC (electronic know your customer) technology.