TechFlow News, April 5: According to Crowdfund Insider, Western Union, a global leader in cross-border remittances, has announced the completion of its acquisition of Singapore-based digital wallet Dash. The purchase price was not disclosed. Dash was previously owned by Singapore Telecommunications Limited (Singtel). This acquisition marks Western Union’s first digital wallet service in the Asia-Pacific region, enabling the U.S.-based payment company to expand its digital financial services beyond its traditional remittance business. Singtel and Western Union had previously stated that the sale required regulatory approvals; the transaction’s completion this week signifies Dash’s formal integration into Western Union.
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