Hong Kong Fintech KPay Opens Singapore Office, Targets Tripled Merchant Network

Hong Kong Fintech KPay Opens Singapore Office, Targets Tripled Merchant Network

by April 22, 2024

KPay, a fintech and payments company based in Hong Kong, has expanded its operations to Singapore by establishing a headquarters there. The company currently partners with over 30,000 merchants across Asia, including 3,000 in Singapore.

To support this growth, the company aims to increase its merchant base in Singapore from 3,000 to over 10,000 and double its local workforce to more than 100 employees.

According to KPay, the expansion is part of the company’s strategy to accelerate digital transformation in the Asia Pacific region. This move underscores the company’s commitment to enhancing its presence across APAC and fostering innovation in digital payments.

In conjunction with its expansion, KPay has also made strategic executive appointments to bolster its regional leadership team. Lytous Zhou has been appointed Chief Product Officer, bringing extensive experience from previous roles at Lark, Huawei, and Tencent.

Additionally, Thomas Huang joins as General Manager of KPay in Japan, where he previously led significant initiatives at KeeTa and Meituan in Hong Kong and Macau.

KPay Hong Kong

Davis Chan

“We are at the cusp of a new era for digital payments in Asia Pacific, and Singapore is the linchpin in our strategy to advance this revolution. Our presence here strengthens our commitment to not just partake in the region’s digital transformation, but to lead it through close engagements with merchants and retail businesses on the ground. By anchoring our Asia operations in Singapore, we aim to unlock the region’s retail potential and foster innovation and collaboration opportunities to support the regional digital economy,”

said CEO and Co-Founder of KPay, Davis Chan on the expansion.

Featured image credit: Edited from KPay