Creador makes SE Asia e-payment breakthrough
Creador spent a couple of years looking for ways to enter Southeast Asia’s electronic payments space without much success. “We are a firm believer that there is a shift from cash to credit and debit solutions and e-commerce will push this to the next level. The hard part was finding someone with critical mass,” says Brahmal Vasudevan, CEO at the Southeast Asia and India-focused GP.
When the firm finally identified a viable target, it moved quickly: the deal announced this week that will see Creador take a 20% stake in GHL Systems, effectively part-bankrolling the Malaysia-based payment...
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