Eftsure, an Australia-founded payment assurance company, has launched in Singapore.

The company offers tools that help finance teams verify payment details before sending funds and monitor changes in vendor data across domestic and cross-border payments.

The expansion comes as scam and cybercrime losses in Singapore reached S$913.1 million (US$711 million) in 2025.

At the same time, the Monetary Authority of Singapore’s Shared Responsibility Framework for phishing scams focused on consumer protection rather than reimbursing businesses.

Singapore police also reported at least 66 business email compromise cases involving requests to change vendors’ bank details since January 1, 2026, with losses of at least S$19 million (US$14.8 million).

Eftsure said it supports more than 4,000 organizations.

The company added that its 2025 combination with France-based Sis ID expanded its presence across the US, Europe, Australia, New Zealand, India, and China.

🔗 Source: Eftsure