NTT COM TO INVEST IN FINTECH STARTUP M-DAQ

— For creating a world with home currency payment anywhere anytime — TOKYO, Nov 12 (Bernama-BUSINESS WIRE) -- NTT Communications Corporation (NTT Com), the ICT solutions and international communications business within the NTT Group (TOKYO:9432), announced today that it has invested in M-DAQ Pte Ltd (M-DAQ), a Singapore-based fintech startup. M-DAQ and its team of foreign exchange (FX) specialists aim to realize a world without currency borders. The company’s strengths include its one-of-a-kind service that provides guaranteed competitive FX rates built upon a proprietary predictive demand-based algorithm. With this strategic partnership with M-DAQ, NTT Com will launch Home Currency Anywhere (HCA), Japan’s first rate-guaranteed FX information and transaction data service, around the end of this November. HCA is a service that enables foreign currency conversion at a guaranteed rate. This is supplied on NTT Com's smart data platform environment, integrated with M-DAQ‘s FX engine. This gives users price certainty in the currency of their choice prior to purchasing goods and services overseas. NTT Com aims to collaborate with companies that use HCA to realize a world where service providers and customers can conduct transactions without worrying about currency fluctuations, including through platform services that connect eWallet operators around the world on a cross-border basis. Note: Company names and service names are trademarks / service marks and registered trademarks of each company. About M-DAQ M-DAQ builds over-the-top (OTT) applications to facilitate cross-border solutions for multinationals, securities exchanges, financial intermediaries, e-commerce platforms and payment gateways, along with market segments previously ignored by legacy financial institutions. Since 2016, M-DAQ has helped businesses and their customers save more than SGD 120 million on cross-border transactions.

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