Bangkok, 19 April 2024 — Xendit, a leading payment gateway and digital infrastructure provider in Southeast Asia, proudly announces its participation in this year’s esteemed Money 20/20 event in Bangkok. This strategic move underscores Xendit’s commitment to driving innovation and fostering growth in the region’s dynamic financial technology landscape.
As a trusted partner for businesses across Southeast Asia, Xendit offers fast, easy, reliable, and secure payment infrastructure solutions. By participating in Money 20/20, Xendit aims to showcase its cutting-edge technology and highlight its pivotal role in empowering businesses to expand globally and locally.
In 2023, Xendit achieved remarkable milestones, processing over 320 million transactions with US$25 billion in Total Payment Volume (TPV) and serving more than 6,000 merchants, including renowned brands such as Unicef, Wise, Grab, and many more. With a consistent 30% growth in the number of transactions and active merchants, these achievements reflect Xendit’s unwavering commitment to excellence and innovation.
Earlier this year, Xendit proudly announced its expansion into Thailand, following its successful ventures in Indonesia, the Philippines, and Malaysia. Tailoring its service strategies to meet the unique needs of each market, Xendit is poised to serve as a regional payment infrastructure provider in 2024 under its mission “Making Payments Simple.” This initiative aims to enhance opportunities for businesses in Thailand to expand their digital transaction capabilities across Southeast Asia seamlessly through Xendit’s modern payment ecosystem.
Introducing the concept of “One Integration,” Xendit helps businesses navigate Southeast Asia’s fragmented payment landscape dominated by non-card methods with ease. Xendit streamlines integration with diverse local payment methods, sparing merchants the lengthy process of integrating with numerous banks and e-wallets. It also allows businesses access to multiple markets with just one integration through Payments API.
“Expanding into new markets isn’t just about reaching new customers; we believe in empowering businesses with the tools they need to thrive. At Xendit, our mission has always been to build the best digital payment infrastructure for Southeast Asia and to make payment processes simple. By expanding into Thailand, we are taking another step towards making that vision a reality for even more people,” stated Moses Lo, Xendit Co-Founder, and CEO.
Tessa Wijaya, Xendit’s Co-Founder, and COO, recently appointed as CEO of Xendit Thailand, added, “At Xendit, we believe in breaking barriers and empowering local businesses through global connectivity and seamless digital transactions. With our hyperlocal expertise and global best practices, we will be bringing more local payment methods and direct integrations to banks in Thailand that can help catalyze economic progress and drive positive change for the communities.”
Tessa Wijaya is set to participate in a panel session titled “Remittance Raiders: How To Conquer Cross-Border Challenges” at Money 20/20 on Wednesday, April 24, 2024, starting from 10 am. During this session, Tessa will highlight Xendit’s innovative solutions tailored to address the complexities of cross-border remittances. She will also provide insights into the future landscape of cross-border transactions, discussing emerging trends, opportunities, and areas for growth.
Tessa Wijaya emphasized, “Cross-border remittances are integral to the global financial arena, necessitating forward-thinking solutions from companies like Xendit. I look forward to collaborating with industry peers, exchanging insights, and devising strategies to shape the future of cross-border transactions. Together, we can deliver value to regional regulators and industries.”
Additionally, visitors can connect with the Xendit team at booth #2006 in the exhibition area. Here, they can network and consult with Xendit’s experts on digitizing payments, exploring top-tier payment solutions, and leveraging hyperlocal expertise to drive business growth and regional expansion.
For more information about Xendit, please visit www.xendit.co.
