🧠 Food for thought

Implications, context, and why it matters.

This Asian expansion draws on a four-year-old cash cushion and a Singapore licensing step

• Cash reserves grew after a US$430 million investment from Advent International, a private equity firm, in 2021. It ranked among Latin America’s largest pre-IPO funding rounds at the time 1.
• That capital was first set aside for Latin American growth. Since then, Asia-Pacific merchants made up 39% of total processed volume in 2024 2.
• Regulatory progress in Singapore supports the push. In February 2025, the Monetary Authority of Singapore (MAS), Singapore’s central bank and financial regulator, gave in-principle approval for a Major Payment Institution (MPI) license 2.
• The Singapore office serves as a global settlement hub. The Peak said Ebanx routes global transactions through Singapore 3.

Ebanx’s move points to more South-South ecommerce

• Ebanx is taking its emerging-markets approach into more countries. It adapts payment options to local habits 4.
• In Brazil, the mix includes Pix, the instant payment system. Ebanx said Pix brings in 61% of revenue in Brazil among its software-as-a-service merchants that offer Pix through Ebanx 5.
• This approach puts Ebanx in the middle of the growing “South-South” economy. It supports Asian merchants such as AliExpress, Alibaba’s international online marketplace 3.
• It also works with XTransfer, a Chinese cross-border business payments platform, to sell across emerging markets 3.
• Global companies often need more than standard credit cards in these markets. Examples include UPI-linked RuPay, India’s domestic card network tied to its Unified Payments Interface (UPI) 4.
• Another option is Nequi, a Colombian digital wallet, in Colombia 4.