Payments Giant GPS Launches APAC Hub in Singaporeby Fintech News Singapore November 13, 2019
Today, leading payments issuer processor, Global Processing Services (GPS), announces the launch of its APAC hub in Singapore. Announced at the Singapore Fintech Festival, GPS has chosen Singapore as its new regional headquarters to best support its existing clients and leading regional banking providers through its Apex platform.
At the epicenter of Europe’s fintech revolution, GPS is recognised as the tech behind the fintech, having launched fintech unicorns including Revolut, Monzo and Starling Bank on the Apex platform and already partnering with fintechs, such as Railsbank, in Singapore.
As Singapore forms the heart of fintech in Asia – and globally – GPS is now looking to replicate its European successes as The Paytech Pioneer™ within the APAC region. The newest Singaporean Hub will support existing client expansion and regional client needs as fintechs look for a platform partner to help them scale internationally.
On the launch, Joanne Dewar, CEO at GPS said:
“Making the move out to Singapore is the natural next step in our development as the leading payment processor. We pride ourselves on the role we have played in the fintech revolution to date, and needed an APAC base to extend our reach and continue to offer the same level of service to existing and new customers. Singapore was an easy choice – it means not only that we can support our clients as they grow, but that we can take an active part in the current fintech revolution going on there.”
Nik Storonsky, CEO and Founder at Revolut said:
“We’re thrilled that GPS has decided to launch into the APAC market. As Revolut expands across the region, it’s comforting to know that the GPS team is supporting us on our journey. We’re looking forward to working alongside them as we continue to roll out across the region.”
Ms. Linda Sein, Executive Director, Investment Facilitation, Singapore Economic Development Board (EDB), said:
“Global Processing Services’ (GPS) decision to set up their APAC hub in Singapore is testament to the city-state’s position as a leading business and fintech hub. We are pleased to have GPS be part of Singapore’s growing fintech ecosystem, and look forward to its APAC hub contributing to the company’s success and growth.”
Featured image credit: Global Processing Services booth in Singapore Fintech Festival 2019, twitter.com/gps_processor