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Capital A to sell BigPay’s majority stake
Capital A, the parent company of AirAsia, plans to sell a majority stake in its financial technology arm, BigPay, to an undisclosed large regional bank.
The announcement was made by CEO Tony Fernandes during a webinar on Mar. 12, 2025.
Fernandes stated that the sale decision arises from capital requirements. BigPay is currently the only loss-making entity among Capital A’s non-aviation businesses.
Negotiations are in progress with the regional bank, along with other fintech and global players. After the sale, Capital A intends to retain a 30% stake in BigPay.
Recent Capital A developments
| Timeline |
|---|
31-Jul-2023 🤝 Capital A partners with UnionDigital Bank for SEA expansion
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28-Apr-2023 🏦 Capital A’s BigPay appoints new leader after CEO steps down
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30-Mar-2023 📈 Capital A’s financial health in 3 charts
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07-Mar-2023 🚀 Capital A names CEO, CFO of AirAsia Digital
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14-Dec-2022 🚚 Capital A’s logistics arm nets $50m funding
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