US-based Weyland Tech to spin off Indonesia-focused e-wallet business AtozPay

US-based Weyland Tech to spin off Indonesia-focused e-wallet business AtozPay

Photo: Pixabay

US-based Weyland Tech Inc, a provider of mobile business applications, has proposed to spin off its e-wallet business – which launched as AtozPay mobile payments platform in Indonesia in May – into a separate entity and is exploring an initial public offering for the same.

It has given a mandate to Pricewaterhouse Coopers to advise it on the spinoff and IPO structure as well as ongoing audit functions for the e-wallet business, according to a company statement.

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