Global payments platform Transact365 has shifted its Asian headquarters to Singapore as it focuses on its international expansion.
Transact365’s business development and Asian management compliance teams will be based out of the new office, located at Singapore Land Tower.
The company’s Asian office was previously in Hong Kong, however Transact365 viewed the regulatory landscape of the Monetary Authority of Singapore (MAS) as the most appealing in Asia.
Dan Fernandez, CEO at Transact365 commented, “Half of our team at Transact365 is based in Asia, so it is a very important base for our future growth. Our move is also reflective of Singapore’s position as a fintech hub and many industry events are located in the city. With our major offices in the City of London and Singapore, we are in two of the world’s fastest growing markets for fintech, which is a prime position for our global expansion.”
Transact365’s payment gateway is PCI Level 1 Certified and its partner network of acquiring institutions covers the UK, Europe, North America, Asia and Australia.