Categories: Finance

PayerMax Boost Growth In EM With Singapore As Foothold

(adsbygoogle = window.adsbygoogle || []).push({});

Singapore, 28 September 2022 – PayerMax, an omni-method global payments solution supporting more than 350 local payment methods across Southeast Asia, South Asia, South Korea, LATAM and MENA, has announced its plans to break ground in Southeast Asia, anchoring with Singapore as its strategic regional hub. 

In line with an increasing number of regional national agendas propelling the development of a cashless society through digital payments, PayerMax plans to leverage on its private and public sector partnerships to drive and fuel the payment infrastructure of e-commerce, gaming and entertainment, whilst maintaining the core values of financial inclusion and working hand-in-hand with regulatory ecosystems.

“The digital payments landscape in Southeast Asia has been rapidly evolving and is expected to reach US$1.5 trillion by 2030. As a major catalyst, the ongoing pandemic has driven unprecedented levels of digital adoption across all demographics. Cashless, contactless, and cross-border payments are now the new norm, and players need to recognize this as an opportunity,” says Vicky Gannason, Regional Director at PayerMax. 

Payermax and EM

“Our key focus in the long horizon is to  invest more resources and manpower to build PayerMax’s presence in emerging markets. And we are excited about the growth prospects in a region that is witnessing a huge digital payments boom in the years to come.” says Essay Zhu, Chief Operating Officer at Payermax.

PayerMax will make its first Asia debut at the Singapore Fintech Festival in November this year. One of the strongest new contenders in the payments space, PayerMax seeks to make their mark with audiences by sharing its strategic playbook on post-covid cross border payments and navigating diverse regulatory landscapes.

The company has recently launched its operations in MENA as a significant milestone as it aims to unify the fragmented payments landscape to bring about a paradigm shift in user behavior and support the rapidly growing digital landscape in that part of the world. 

PayerMax empowers global merchants to achieve borderless growth, by providing a full-stack solution where localized payment methods are accepted at scale, within a highly secure, robust and compliant environment. 

(adsbygoogle = window.adsbygoogle || []).push({});
(adsbygoogle = window.adsbygoogle || []).push({});


Recent Posts

Anwar Is Fighting Rising Prices With Targeted Subsidies

Nevertheless, Anwar has said he plans to introduce a programme that will include targeted subsidies…

3 days ago

APEC: China’s Return To The Global Supply Chains

The question to ask is whether there are one too many free trade agreements around…

1 week ago

RCEP Came At A Good Time

After the upsets with the South China Sea disputes, we now have certain normalcy, which…

1 week ago

US Popularity In The Asean region

In Vietnam, the sentiments can be different because they see the Chinese encroachments in the…

2 weeks ago

New Views On Asean Plus Three and China

Asean plus three is still important for the Asean but with China's dominance, so to…

2 weeks ago

Egypt: Climate Action Can Strengthen Long-Term Growth

The report talks a lot about climate action and highlights the increasing unpredictability of the…

3 weeks ago