MVP group seals ₱2.7-billion deal to buy out Bayad Center
Kayana Solutions Inc., backed by major telecommunications and infrastructure conglomerates, has acquired payment processing network CIS Bayad Center Inc. for ₱2.7 billion. This acquisition consolidates PLDT's financial technology and payment services under Kayana, where PLDT holds a 45 percent equity stake. The deal aims to strengthen the combined digital innovation footprint of the involved entities.
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