Temasek bets on fintech and payment firms amid COVID-19 pandemic

REUTERS/Edgar Su

Temasek has increased its exposure to payments and fintech players, in part, as a response to disruptions caused by the COVID-19 pandemic, the Singapore state-owned investment company said in its annual briefing on Tuesday.

Png Chin Yee, deputy chief financial officer and head of financial services, said exposure was actively increased to companies Temasek already liked, such as Visa, MasterCard, and PayPal amid market ructions earlier this year.

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