EBANX Expands Cross-Border Payments to 5 New Asian Markets

EBANX, a global technology company specializing in cross-border payment services, announced its expansion into five new countries: Thailand, Indonesia, Malaysia, Vietnam, and Turkey. This strategic move follows the inauguration of its Asia-Pacific Headquarters in Singapore and obtaining a Major Payment Institution license from the Singapore===Monetary Authority of Singapore. With this expansion, EBANX will integrate payment methods across seven Asian economies, including India and the Philippines, tapping into a USD 610 billion digital commerce opportunity with over 1.1 billion consumers. The new markets alone represent 57% of this volume and 386 million consumers, whose spending is projected to grow 97% over the next decade. EBANX aims to bridge the gap for global companies looking to access these fast-growing markets, particularly in Southeast Asia, where e-wallets and account-to-account transfers dominate the payment landscape due to a younger, digitally fluent population that largely bypassed traditional card infrastructure.