Brazilian Fintech Ebanx Expands into Southeast Asia, Opens Singapore Headquarters

Gate News message, April 16 — Brazilian cross-border payments firm Ebanx, which serves companies such as Uber and Shein by offering local payment methods in emerging markets, is expanding into Thailand, Indonesia, and Turkey. The company opened an Asia headquarters in Singapore last month and plans to enter Malaysia and Vietnam next quarter.

In 2025, 65% of Ebanx's gross profit came from outside Brazil, compared to 32% in 2021, with 20% from markets beyond Latin America. Asia-Pacific merchants accounted for 39% of total processed volume in 2024. The expansion will be funded with cash on hand, according to Chief Executive Joao Del Valle.

CPO Eduardo de Abreu will lead regional operations. In February 2025, Singapore's Monetary Authority (MAS) granted Ebanx in-principle approval for a Major Payment Institution (MPI) license, supporting the company's regional push.