Just something interesting that I found today.
Our sovereign wealth fund, GIC, (who will be managing your CPF etc indirectly in the future) has invested an unknown amount in Square. That's surprising news, because I thought Square is a pretty small company, and I didn't think GIC would be interested.
Could this mean that GIC sees a future in mobile payment? Perhaps we'll see Square increase its presence in Singapore pretty soon in the future.
Announcement from GIC:
As a long-term value investor, GIC believes the rising secular trend and penetration of mobile payment software will present good investment opportunities. Square, in particular, plays a key role in accelerating the acceptance of all forms of payments in the Small and Medium Businesses' sector.
(Source: http://www.gic.com.sg/newsroom?id=471&Itemid=159)
