Ebanx adds new markets, targets Asia growth

Ebanx is expanding its global footprint by adding Thailand, Indonesia and Turkey to its payments network, while preparing to enter Malaysia and Vietnam in the next quarter.

The move marks a further step in the company’s strategy to strengthen its presence in Southeast Asia and other emerging markets. Ebanx connects global merchants with local payment methods, helping companies operate in regions where card usage remains limited.

The firm supports international clients such as Uber and Shein, enabling them to offer region-specific payment options and improve transaction success rates.

Ebanx’s revenue mix has shifted significantly in recent years, with a growing share coming from outside its home market. In 2025, around 65% of its gross profit was generated from outside Brazil, up from 32% in 2021. Approximately 20% of total profit now comes from markets beyond Latin America.

To support its expansion in Asia, Ebanx has established its Asia-Pacific headquarters in Singapore, with Chief Product Officer Eduardo de Abreu leading operations in the region.

Since 2022, the company has been steadily expanding beyond Latin America, entering markets including India, the Philippines and South Africa. It is also targeting further launches across Asia and the Middle East in early 2027.

The latest expansion will be funded through Ebanx’s existing cash reserves. Its most recent funding round was in 2021, when Advent International invested $430 million, joining FTV Capital as a minority shareholder.

The expansion reflects Ebanx’s focus on capturing growth in emerging digital payments markets worldwide.