Friday, January 24, 2014

Allied Wallet Buys CloudAsia

Los Angeles-based Allied Wallet, a provider of online credit card processing, said this week that it has acquired Chinese payment processor, CloudAsia,. Financial terms of the buy were not disclosed. Allied Wallet said that CloudAsia is one of the largest Chinese payment processors in Hong Kong. Allied Wallet said the move will help it grow in Asia. Allied Wallet is led by Andy Khawaja.

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