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“Ccollaboration is the key to establishing a secure and reliable digital payment ecosystemm”
SINGAPORE, 11 November 2022 /PRNewswire/ — PayerMaxan omni-method global payment solution that supports more than 350 local payment methods across Southeast AsiaSouth Asia, MENA and LATAM, did their part Asia debut at the Singapore Fintech Festival earlier this month. Sharing the stage with key fintech players such as Ant Group, GCash and Coinbase, PayerMax shared expertise from its strategic playbook on post-covid cross-border payments and navigating different regulatory landscapes.
The Singapore Fintech Festival returned as an in-person event since the pandemic, with attendees belonging to key sectors such as financial institutions, fintech solution providers, blockchain, higher education and even policy makers and more. This year, in conjunction with SFF’s theme of “Building Resilient Business Models in Volatility and Change”, PayerMax spoke about the evolving digital habits of consumers spurred by the pandemic and how to be ready for the future. They highlighted that collaboration is key to shaping the future of digital payments, and particularly emphasized the need for the public and private sectors to work together in the ecosystem.
At a regional level, the digital payment landscape is i Southeast Asia expected to reach 1.5 trillion dollars by 2030, and emphasizes the importance of cashless, contactless and cross-border payments. Online businesses are mushrooming Southeast Asia which has made it essential for the authorities to set up a digital payment infrastructure that ensures a safe, secure and reliable ecosystem for everyone. Leverage on its partners across the board Southeast Asia and around the world, PayerMax intends to drive the industry forward by empowering businesses to seize opportunities for growth both within and across borders.
“Today, 6 out of 10 Southeast Asians remain under or unbanked. Technology is opening doors to newer solutions to enable financial inclusion, and we expect to see the digital transformation of banking only grow with time,” says Rinkesh Sharmaregional director for PayerMax. “The ongoing payments revolution has given way to growth opportunities for micro-enterprises and SMEs. But to establish a secure and reliable digital payments ecosystem, collaboration is key.”
PayerMax empowers global merchants to achieve limitless growth, by offering a full-stack solution where localized payment methods are accepted at scale, within a highly secure, robust and compliant environment.
About PayerMax
PayerMax is the world’s leading omni-method global payment solution, with over 350+ payment methods across 5 continents focused on empowering the #borderless growth of the world’s highest-grossing digital merchants from developed markets.
PayerMax was established in 2020 and is the emerging markets’ leading regulated digital payment provider serving online stores that have ambitions beyond national borders. PayerMax is headquartered in Singapore with headquarters and presence in Indonesia, Thailand, The Philippines, Malaysia, Vietnam, United Arab Emirates, Kingdom of Saudi Arabia, Brazil and China.
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