Reed Smith handles DBS Bank – Google payments processing partnership
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.
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