Boku, a network for localised payment solutions, announced the launch of its Innovation Hub in Singapore on 12 November 2025 at the Singapore Fintech Festival. The hub includes a team focused on building new payment capabilities, which aims to solve merchants’ cross-border money movement challenges.

With global payments projected to reach about US$290 trillion by 2030, Boku is prioritising solutions that remove friction for global merchants. This includes real-time FX and payout capabilities and the application of AI and blockchain technologies with financial services.

Yi Hahn Chin, Head of Boku’s Innovation Hub, shared that cross-border payments remained one of the most persistent friction points for digital merchants operating across multiple markets. He added,

“By working closely with merchants and regional partners in Singapore, our team can stay close to evolving market needs and accelerate our response with new capabilities.”

In its press release, Boku mentioned that it selected Singapore for its deep fintech talent, forward-looking regulatory environment, and proximity to Asia-Pacific’s most innovative payment ecosystems.

From Singapore, the Boku Innovation Hub will collaborate with regional fintechs and merchants to design, prototype, and validate capabilities. Stuart Neal, CEO of Boku, added,

“Merchants don’t just need more payment methods – they need payment infrastructure that reduces complexity while expanding reach.”

Founded in 2008, Boku is headquartered in London with offices across North America, Asia-Pacific, Europe, and Latin America. Boku is also listed on the AIM market of the London Stock Exchange (BOKU).

Featured image: Edited by Fintech News Singapore, based on image by Mition Julia on Freepik