Xendit

Dragonpay said merchants can accept payments through online banking, e-wallets, credit cards, and over-the-counter payment centers.

Nazim Ali Ali will lead the company’s global go-to-market functions, including commercial strategy, sales, account management, and partnerships.

The company aims to simplify cross-border payments for international businesses by offering a single API for multiple payment methods and countries.

With the acquisition, Xendit will operate under Payex’s local licence and rebrand Payex as Xendit Malaysia.

The database includes venture capital firms from six Southeast Asian countries to aid startup funding.

Entrepreneurs are looking across the causeway for lower living costs without sacrificing on quality.

This marks the Indonesian fintech firm’s third country expansion.

This marks the second round of job cuts for the company, following a retrenchment in August 2023.

The program is expected to be completed by the end of this year.

This comes after the company confirmed in August that it laid off a “small number” of staff from the product team.