Omise, a Thailand-based fintech startup, has officially expanded its payment gateway service to Malaysia.
Synqa (parent company of Omise) CEO and founder Jun Hasegawa / Photo credit: Synqa
Founded in 2013, Omise provides online payment solutions to merchants. Prior to Malaysia, the startup was already operating in Thailand, Japan, and Singapore.
In Malaysia, the company has been registered as a merchant acquirer in the country’s central bank, Bank Negara Malaysia. It has also partnered with Maybank to use the bank’s cash management solutions in the country.
Omise’s Malaysia operation will be led by Ivy Lee, who previously held executive roles in CIMB, a multinational bank, and iPay88, another Malaysia-based payment gateway.
The company told Tech in Asia that its priority is to bed down and support its local team in Malaysia. However, Omise is also considering expanding to other countries in Southeast Asia, such as Indonesia, Vietnam, and the Philippines.
Read also: Demystifying Omise parent Synqa’s plans to disrupt payment networks
In 2020, Omise’s parent company Synqa raised US$80 million in a series C funding led by SCB 10X and Sparx Group. It has served 6,000 clients and has over 150 employees in total.
Editing by Miguel Cordon and Lorenzo Kyle Subido
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