Should shareholders approve the resolution in an EGM in September, MC Payment will soon be renamed Oxpay Financial. It is a modestly-sized Catalist-listed company with a market cap of around $100 million. Yet, in May and June this year, the company was the subject of a board tussle for control. What is so valuable about the company?

It could be MC Payment’s four payment licences, and its claim as Singapore’s first payments company to be listed. The four payment licences, include the Payment Services Provider Licence from the Monetary Authority of Singapore (MAS).

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