FXC Intelligence, a data platform specializing in cross-border payments and e-commerce; released Our annual selection of the world’s most promising cross-border payments companies in 2024.
This year’s list spotlights six Asian companies recognized for their rapid growth, increasing market importance and strong potential for future success.
FXC Intelligence’s Global Most Promising Cross-Border Payment Companies 2024 focuses on emerging companies in the international payments space. These players are Top 100 cross-border payment companiesbut has experienced significant growth.
The 24 companies selected for the 2024 list were selected from an analysis of up-and-coming international payments companies across regions around the world. These companies have reached significant milestones this year, whether by securing financial support from key industry players, achieving strong financial results, increasing employee numbers, or changing leadership to reflect new corporate strategies. Achieved.
Singapore: A hub for cross-border payments leaders
Six of the world’s most promising cross-border payment companies in 2024 are from Asia, with Singapore leading the way with four, followed by Hong Kong and Thailand with one each.
One of the entries from Singapore is partition. Founded in 2021, Partior leverages blockchain technology to transform clearing and payments, redefining how value moves globally. The company operates a blockchain-based unified ledger for payments, which enables real-time clearing and settlement for instant liquidity and transparency, with the aim of reducing settlement delays, limited transaction transparency, and high It overcomes challenges commonly associated with sequential processing in traditional payment systems, such as operational costs.
Partior’s platform supports major currencies such as USD, EUR, and SGD. is used Offered by major banks and companies such as DBS, JP Morgan, Standard Chartered, Siemens, and iFAST Financial.
Another Singaporean company on the list is Tazapay. Founded in 2021, Tazapay is a leader in cross-border payment solutions, serving small and medium-sized enterprises (SMEs) and business-to-business (B2B) marketplaces around the world. The company provides solutions such as checkout, payment links, and escrow services to simplify international transactions and reduce risk for both buyers and sellers. Its platform covers payments in over 173 countries with local payment options in over 70 markets and offers global business accounts in over 60 currencies.
Tazapay has achieved important milestones in recent years, Major Payment Institution (MPI) License from Monetary Authority of Singapore (MAS) In 2023 2023 CB Insights Fintech 100 Listensure that US$16.9 million Series A funding round Led by Sequoia Capital Southeast Asia. The company is currently aiming to expand its operations across Asia as well as into the Middle East and Europe.
Triple-A is another Singapore company included in FXC Intelligence’s ‘World’s Most Promising Cross-Border Payments Companies 2024’ list. Triple-A is a digital currency clearinghouse that allows businesses to pay and receive payments in both traditional and digital currencies without volatility. From APIs to no-code integrations, the company’s frictionless white-label payment solutions are designed to blend seamlessly into existing business operations while maintaining the highest standards of security and compliance.
Triple A is authorized by MAS in Singapore and Banque de France in the European Union. It is also registered with the US Financial Crimes Enforcement Network (FinCEN). The company claims to have more than 20,000 enterprise customers.
The fourth and final Singaporean company on the list is YouTrip. Establishment 2016, YouTrip teeth A mobile financial platform that offers a multi-currency mobile wallet and contactless Mastercard for fee-free payments in over 150 currencies. YouTrip does not charge transaction fees or dynamic currency conversion fees and insists on reasonable exchange rates. The company prioritizes a seamless and secure user experience, emphasizing transparency, real-time notifications, 24/7 customer support, and robust anti-fraud mechanisms.
In 2023, YouTrip gained millions of users across Southeast Asia, demonstrated strong business metrics, achieved 180% year-on-year (YoY) revenue growth, and achieved profitability targets, YouTrip Thailand said. Juthasree Kuvinichkul, founding partner of said Bangkok Post. The company recorded total payments of approximately US$10 billion. In 2024, YouTrip continued its growth trajectory, reporting an 80% year-over-year increase in spending on its platform, driven by the Singapore and Thailand markets in the travel, e-commerce, and insurance categories.
Ascend Money and Currenxie recognized for growth
In addition to Singapore, Thailand is another country named to this year’s list of the World’s Most Promising Cross-Border Payments Companies 2024 by Ascend Money. Ascend Money, the fintech arm of Charoen Pokphand Group teeth It is Thailand’s largest digital financial services provider and a prominent fintech company in Southeast Asia, also serving Cambodia, Myanmar, Vietnam, Philippines, Indonesia and Malaysia.
Ascend Money’s flagship TrueMoney platform offers a wide range of financial solutions including electronic payments, lending, buy now, pay later (BNPL), investments, insurance, and has an extensive network and strategic partnerships with leading companies and businesses. We serve a wide customer base through , both online and offline sellers.
ascend money say The company has so far processed USD 14 billion worth of transactions across Southeast Asia and claims to have a network of 50 million customers, 21 million e-wallet users and 88,000 agents across seven countries. are.
Finally, the last Asian player on the list is Hong Kong’s Currenxie. Founded in 2014, Currenxie provides businesses with comprehensive solutions for collecting, exchanging and sending money around the world. Businesses and financial providers can access Currenxie’s payment network through the platform API to collect, exchange, and make payments at scale around the world. Currenxie’s global account for businesses looking for a simple all-in-one solution offer Our easy website and mobile app gives you access to virtual accounts, foreign exchange and bank transfers around the world. Currenxie also supports businesses by integrating popular payment methods such as BNPL services, allowing businesses to reach a wider audience.
currency claim Over 12,000 customers and over $15 billion in funds moved.
