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 $1.5trillion 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 recognise this as an opportunity,” says Vicky Gannason, regional director at PayerMax.
“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. PayerMax seeks to make its mark with audiences by sharing its strategic playbook on post-covid cross-border payments and navigating diverse regulatory landscapes.
The company 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 behaviour 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 localised payment methods are accepted at scale, within a highly secure, robust and compliant environment.