The Singapore Fintech Association has awarded ECOMMPAY the certification to be recognised as a ‘Fintech’ company as a payment platform provider. This certification shows further evidence of ECOMMPAY’s experience and investment as a payment service provider (PSP) to businesses that operate in APAC, or that are planning to expand their business to the region.
From a payments perspective, the Asian market is notoriously difficult for businesses to expand into. It has region-specific consumer behaviour and uniquely diverse cultures that companies need to overcome in order to be successful. Asia is the fastest-growing economic region globally, with more and more fintech companies looking to service this growth. This explosive growth comes with inherent risks with less reputable companies entering the market.
Audrey Ottevanger, Director and Head of APAC at ECOMMPAY commented, “By working closer with SFA, ECOMMPAY can add another layer of trust for our existing and potential clients. This trust is vital to the companies standing as a market leader in the APAC region”
Creating brand credibility through certifications like SFA is vitally important to the development of ECOMMPAY as a trusted PSP. The SFA is a non-profit initiative that offers a platform designed to facilitate collaboration between all market participants and stakeholders in the FinTech ecosystem.
ECOMMPAY is an international payment service provider and direct bankcard acquirer, engineering bespoke payment solutions for clients worldwide. The Authorised Payment Institution is regulated by the Financial Conduct Authority (license 607597) and holds both Visa and Mastercard Principal Membership.