Infibeam’s wholly owned subsidiary has acquired Vavian International, for AED 4.32 million.

The company stated, “…Infibeam Global EMEA FZ-LLC, has acquired 100% shareholding of Vavian International Ltd, one of the fast growing digital payment processing company in Middle East region, for AED 4.32 million.”

Vavian International is a digital payment processing company and after the acquisition is completed it will become direct subsidiary of Infibeam Global and a step-down subsidiary of Infibeam Incorporation Ltd. Furthermore, it is expected that the acquisition will be completed in the next 2-4 weeks.

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