Newland Digital Technology Establishes US Subsidiary, Obtains MSB License

MT Newswires Live

2025/07/02

Newland Digital Technology (SHE:000997) established a wholly-owned US subsidiary named NovaPay.

The move aims to enhance cross-border payment infrastructure, integrate resources and strengthen overseas regulatory compliance, according to a Wednesday filing with the Shenzhen bourse.

NovaPay has obtained a money services business (MSB) license from the Financial Crimes Enforcement Network.

Shares of the digital payments company closed 1% higher Wednesday.

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