Paysend opens new Singapore regional head quarters

By Leandra Monteiro

UK-based FinTech Paysend will be expanding its Financial Services to APAC by setting up a new HQ in Singapore. With a huge growing population of nearly 4 billion people, Asia Pacific is one of the most attractive regions for digital money opportunities.

“Building from our existing partnership deals with Mastercard, Visa, China UnionPay, and Alipay, amongst many others, I see enormous opportunities to expand our industry-leading card-to-card direct transfer offerings further, providing additional benefits for the millions of un-banked individuals across Asia Pacific,” said Abdul Abdulkerimov, Paysend Founder and President, according to media reports.

To drive the expansion Paysend across the region, the company has appointed Steve Vickers as the new Managing Director for Paysend APAC. Based out of Singapore, Steve will be tasked with the responsibility of defining and implementing the regional business strategy, building a well skilled FinTech team, and securing additional regulatory approvals and creating partnership across Asia. All this with the aim of turbocharging growth for Paysend in the region.

“Paysend is establishing itself as a trusted cross-border payments partner, with millions of customers using the Global Transfers and Global Account services every month. We intend to offer our multi-currency account, virtual debit card, and global transfer capabilities to individuals and SMEs throughout Asia,” said Steve, according to media reports.

Vickers is an experienced global director, with a track record of success in several areas of the Internet Economy such as eCommerce, Media & Content, Digital Services, Payments and FinTech. He has negotiated deals and built operational teams in APAC, Europe, the Americas, and Africa. For the past decade he has been situated in Singapore and has been working towards driving the growth of several major international technology organisations across the region, including Xiaomi, Grab, and the payments FinTech Thunes.