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Indonesian Fintech Unicorn Xendit's Services Now Available To Malaysian Companies


Indonesian fintech company Xendit has officially made its debut in the Malaysian market, ready to offer its diverse range of hyperlocal payment solutions catered to local SMEs, start-ups and large-scale companies.


This move comes following an investment Xendit received from Malaysian government-backed fund, Penjana Kapital, through the Dana Penjana Nasional programme.


Adding to the occasion, the fintech unicorn has also made an undisclosed investment into Payex, a payment gateway provider licensed by Bank Negara Malaysia (BNM), and will see Xendit utilize its expertise to Payex's local knowledge to driving merchant acquisition and local expansion.


Speaking on the expansion, Xendit’s founder and chief executive officer Moses Lo comments that the firm is proud to bring in its payment infrastructure and ecosystem to the Malaysian market and boosting the growth trajectory of local start-ups.


"We look forward to working collaboratively with the local market adding value through our world-class products and regional experience to collectively drive this national agenda."


Offering a one-stop payment infrastructure that enables businesses to scale rapidly, Xendit offers core payments solutions that accept payments from virtual accounts, credit and debit cards, eWallets, retail outlets and direct debit and enables the disbursement of funds to banks, eWallets and cards 24/7.

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