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Co Kerry-based financial services and technology company Fexco Group is set to enter the Singaporean fintech market, with the opening of a new regional headquarters in Singapore.
Fexco said that Singapore’s city-state’s stature as a global fintech epicentre makes it an important strategic hub for the company’s growth plans in Southeast Asia.
Fexco has already cemented its position in several Asia Pacific markets, with operational bases in Hong Kong, Japan, Australia, and the Philippines.
It said its partnerships with MUN in Japan, Bank of China in Hong Kong and Macau and Metrobank in the Philippines highlight its commitment to the region.
The Singapore office will see Fexco Group build on its international market growth through its global partnerships as well as through direct customer acquisition, where it estimates it will double its presence in the market in the next two years.
“This is an important milestone for Fexco, as Singapore is a currency hub within a hugely important market for our omnichannel payment, currency and FX solutions,” said John Casey, VP of Asia Pacific for Fexco Group.
“As markets recover post-pandemic, the significance of the country’s role as a dynamic strategic location and thriving payment partner ecosystem makes it an incredibly attractive location from which to launch our solutions in the POS, ATM, and eCommerce channels across the region,” he added.
Fexco employs 2,570 people across its suite of companies headquartered in Killorglin in Co Kerry. Founded in 1981, Fexco now has operations in 29 countries across Europe, the Middle East, Asia-Pacific, North America, and Latin America.
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