Brazilian payments firm Ebanx is adding Thailand, Indonesia and Turkey to its network as it prepares to enter Malaysia and Vietnam next quarter, according to Reuters.
The move marks a further step in its Southeast Asia expansion as Ebanx builds out payment coverage across more emerging markets.
Ebanx supports global merchants including Uber and Shein, connecting them with local payment options in markets where card usage is still limited.
More of Ebanx’s gross profit is now coming from outside Brazil.
In 2025, 65 percent came from other countries, up from 32 percent in 2021, while 20 percent came from markets beyond Latin America.
To support its Southeast Asia growth, Ebanx has set up its Asia Pacific headquarters in Singapore, with Chief Product Officer Eduardo de Abreu leading from there.
Ebanx has been expanding into markets beyond Latin America since 2022, including India, the Philippines and South Africa.
The report added that the company is targeting more launches in Asia and the Middle East in early 2027.
This year’s expansion will be funded from Ebanx’s existing cash reserves.
Its last disclosed capital raise came in 2021, when Advent International invested US$430 million and joined FTV Capital as a minority shareholder.
Featured image: Edited by Fintech News Singapore, based on image by MDROTONALI via Freepik
