Zen.com Expands to Southeast Asia
Hey FinTech Fanatic!
Polish FinTech Zen.com is making its way into Southeast Asia, establishing a new office in Singapore. Focused on simplifying payments, the company is positioning itself between Europe and Asia, working to make cross-border transactions more seamless for businesses and individuals.
This expansion comes through a partnership with Singapore’s M-DAQ Global, allowing Zen.com customers to open virtual accounts in Vietnam, Indonesia, and Hong Kong. They’ll be able to send and receive money as if they had local bank accounts, starting with same-day local transfers, lower FX costs, and improved e-commerce support.
Now, why Singapore? It’s not just about the skyline or the business-friendly environment. In recent years, the country has become a FinTech hotspot, drawing major players eager to tap into Asia’s booming digital economy - Revolut has been making moves here too!
To drive its growth, Zen.com has brought in industry veterans. Rakesh Krishnamuti, with experience at Citibank, PayPal, and Mastercard, steps in as Chief Commercial Officer. Deanson Yeo, an expert in banking and payments, will lead partnerships.
Read more global FinTech industry updates below 👇 and I'll be back on Monday!
Cheers,
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