Juspay, a payment infrastructure solutions provider for enterprises and banks, is opening a new office in Singapore as it continues its international expansion.
Juspay says it is strategically positioned to help reshape the payment landscape in Asia Pacific, with its team of nearly 1200 payment experts across India, US, UK, Brazil, and Singapore solving payments engineering problems at scale.
Backed by investors such as SoftBank, Accel, and VEF, Juspay empowers enterprise merchants with services like one-click checkout experiences, full-stack orchestration, 3DS authentication, network tokenisation, reconciliation, offers, as well as fraud solutions. Its offering also includes an end-to-end white label new age payment gateway and real-time payments infrastructure for banks.
Headquartered in ‘India’s Silicon Valley’ of Bangalore, Juspay already supports over 500 clients globally, processing more than 200 million transactions daily, with over $900billion in annual total processed volume.
“Our expansion comes at a crucial moment as APAC’s digital payment landscape undergoes rapid transformation and diversification,” explained Nakul Kothari, head of APAC and Middle East at Juspay. “We intend to scale our team in Singapore and address the challenges being faced by enterprises in managing global payments like optimising transaction costs, improving authorisation rates and enhancing payment experience with local payment methods.”
International expansion through partnerships
Juspay’s expansion in Asia Pacific is further solidified by a strategic partnership with digital travel platform Agoda, which has implemented Juspay’s full-stack orchestration and reconciliation service across the region.
Commenting on the partnership, Jibran Bugvi, Agoda’s head of fintech and business initiatives, said: “Maintaining an efficient and reliable payment process is essential for Agoda. Juspay plays a key role in this effort, with its support for a wide range of local payment methods and consistent system reliability.”
Agoda aims to reduce travel costs for consumers through its global network of over five million hotels and holiday properties worldwide.
Sheetal Lalwani, co-founder and COO of Juspay, also added: “Our expansion into Singapore positions us at the heart of the dynamic Asia Pacific market, where we can work closely with merchants to tackle their unique challenges.
“We aim to empower them with a reliable, scalable, and highly performant payment infrastructure that has made us a trusted partner for leading enterprises worldwide. This expansion furthers our vision of making digital payments interoperable and accessible for everyone on a global scale.”
