CLIENT

The client is an Asia-based fintech company offering digital cross-border payment services to individual customers and businesses. It offers a suite of digital solutions for overseas money transfers, especially for firms managing cross-border businesses, on a single simplified transactional platform. The company combines international payments and collections, foreign exchange transactions and other send-and-receive services in several dozen countries and currencies. Since its systems conform to the highest security and data protection standards, the company is approved and licensed by federal regulators in Asia’s principal financial markets. Already, it has made deep inroads into remittance markets long monopolised by traditional banks and standard banking systems. The global remittance business is expected to hit $1 trillion in a few years, with developing nations accounting for over 50% of this.