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POS Provider Buys Payment Service

Soft Space, a Southeast Asian white-label mobile point-of-sale platform maker, announced today that it has acquired Fasspay, a payment service provider based in Malaysia. The acquisition price was undisclosed. Soft Space currently partners with 14 banks in the Southeast Asian region, where its point-of-sale systems are used. The company says it shipped more than 35,000 readers in less than two years and is projected to process up to $1 billion in credit card transactions this year. 

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