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Reed Smith handles DBS Bank – Google payments processing partnership

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Reed Smith successfully represented DBS, Southeast Asia’s largest bank,  in structuring and closing a strategic business partnership with Google. The arrangement will see Google make DBS payment systems available on Google’s G Pay platform, which will allow DBS customers using that platform to send and receive funds, and pay merchants.

The transaction was led by a Reed Smith cross-border team that included Singapore lawyers Hagen Rooke and Charmian Aw, and UK lawyer Howard Womersley Smith.

The Firm played a key role in structuring and negotiating the deal terms and in  drafting the transactional documents. The advice provided by the Reed Smith team encompassed commercial, regulatory, data privacy and security, and intellectual property issues. Reed Smith’s relationship with DBS is led by New York partner David Adelman, the former US Ambassador to Singapore.

Reed Smith LLP is licensed to operate as a foreign law practice in Singapore under the name and style Reed Smith Pte Ltd (hereafter, Reed Smith). Where advice on Singapore law is required, we will refer the matter to and work with Reed Smith’s Formal Law Alliance partner in Singapore, Resource Law LLC, where necessary.

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  • Source: https://www.fintechupdate.com/2019/11/reed-smith-handles-dbs-bank-google-payments-processing-partnership/

This Post was originally published on FinTech Update

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