iPayLinks expands into SEA, with Malaysia as maiden market
By Digital News Asia July 6, 2017
- Malaysia will be the fintech’s Asean headquarters
- iPayLinks has over 100 payment channels in over 200 countries across the world
DURING the launch of the 9th BankTech Asia, iPayLinks SEA regional head Tang Wai Zhuan (pic) announced the group’s decision to expand into the Southeast Asian market, with Malaysia being the maiden market and Asean headquarters.
“For the next five years, Southeast Asia is our key focus and we will focus on Malaysia’s market before expanding to other Southeast Asian countries like Singapore, Indonesia and Thailand.” said Tang in his opening speech during the launch of the 9th BankTech Asia.
“We’re committed to sharing mature commercialisation strategies with Malaysian financial institutions, based on our past experience and success cases in China. We are optimistic in translating the same success we achieved in China within the Malaysian market.”
Established in 2015 in Shanghai, iPayLinks is a global cross-border fintech service provider. The company is primarily involved with payment settlement solutions, mobile payments solutions, and development of e-payment technology for cross-border and domestic companies in e-commerce, travel and digital entertainment industries.
In the short span of two years since its inception, iPayLinks has seen great growth. In China, iPayLinks is the second largest payment provider for Visa with a monthly transactions value of over US$100 million.
Currently, iPayLinks has over 100 payment channels (Visa, Mastercard, Alipay, Wechat Pay etc.) in over 200 countries across the world and services blue chip customers such as Ctrip, Allianz and others.
Tang added that with these assets and networks, iPayLinks is confident that they can play a key role towards transforming Malaysia and subsequently other Southeast Asian countries into cashless societies.
In a vote of confidence, regional private equity firm with headquarter in Malaysia, Kairous Capital has invested in iPaylinks. Kairous Capital managing partner Joseph Lee, said that they are fully behind iPayLinks’s strategic plan and are committed to not only being iPayLinks’s investor but also their Asean expansion partner.
“In the last six months, iPayLinks and Kairous Capital has been in talks with the local banks, large merchants and strategic partners regarding our unique solution and through these talks we learnt that our services are indeed mission critical for the Asean market. iPayLinks has the capability to fulfil these needs from its readily available technology. Therefore, we are very confident towards iPayLinks’s venture into the Southeast Asian markets.” Lee added.
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