Fintech Primer Expands in APAC, Sets up Operations in Singapore

A strong year of growth in Asia -pacific, which witnesses a 239 percent increase in payment volume, Primer, the fintech company sponsored by Tencent, said that it had " set down roots" in Singapore by incorporating in the city-state. The company stated in a statement on Wednesday that Primer's regional goals to upend the payments ecosystem with its category, first unified payments infrastructure are supported by the decision to formally incorporate in singapore.

“Asia Pacific (APAC) is our fastest growing region globally. Highly fragmented and dominated by local players, the payments landscape is in need of disruption, as businesses increasingly seek to leverage payments to drive growth,

“Primer continues to hold a unique position in the ecosystem. Built to be agnostic and global from day one, we’re redefining how payments are accepted, optimized, and managed. By strengthening our presence in Singapore, we’re gearing up for another strong year in the region,” its Founder and Chief Executive Officer Gabriel Le Roux said. The statement claims that the company successful performance over the last 12 months  with its operational efficiencies and was supported by significant alliances with top companies in the area, which includes Singapore Airlines' pelago, Happy EasyGo, an online travel agency based in India, and Banxa, a leading crypto infrastructure. It also added 17 new integrations to its portfolio, which includes multinational company like J.P. Morgan chase and Airwallex.