Paytech Pioneer Opens APAC Hub in Singapore
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The firm is looking to replicate the European success of its Apex platform – which powers fintech unicorns including Revolut, Monzo and Starling Bank – in the region.
Global Processing Services (GPS) has opened its new regional headquarters in Singapore, which will enable the firm to better support its existing clients and regional banking providers, the payments processor announced at the Singapore Fintech Festival.
The APAC hub will support existing client expansion and regional client needs as fintechs look for a platform partner to help them scale internationally, the firm said in a statement.
It currently works with digital bank Revolut, which is expanding across the region, and Singapore’s own Railsbank through its Apex platform.
Singapore was an easy choice – it means not only that we can support our clients as they grow, but that we can take an active part in the current fintech revolution going on there, Joanne Dewar, CEO at GPS, said about the new office.
GPS works with over 40 issuing banks globally and operates programs for more than 100 clients in 60 countries with more than 150 currencies. Its Apex platform caters to fintechs, digital banks, e-wallets and other service providers to enable both virtual and physical card payments.
Questions & Answers
Q.What is the primary purpose of GPS opening its new regional headquarters in Singapore?
What is the primary purpose of GPS opening its new regional headquarters in Singapore?
The new hub will help GPS better support its existing clients and regional banking providers. It also aims to assist current client expansion and meet regional client needs as fintechs seek platform partners for international scaling.
Q.Which specific clients does GPS currently work with in the APAC region, according to the article?
Which specific clients does GPS currently work with in the APAC region, according to the article?
GPS currently works with digital bank Revolut, which is expanding regionally. They also support Singapore's own Railsbank through their Apex platform.
Q.What kind of services does the Apex platform provide for its clients?
What kind of services does the Apex platform provide for its clients?
The Apex platform caters to fintechs, digital banks, e-wallets and other service providers. It enables both virtual and physical card payments for these clients.
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