Following the recent acquisition of Gojek and GoPay’s Thailand businesses by airasia Digital, BigPay is accelerating its entrance into Thailand. Provided that it receives the necessary regulatory approvals, BigPay is aiming to go live in Thailand in the first quarter of 2022.
“We’re committed to enabling access for financial services for everyone across Southeast Asia. We have a unique opportunity to enter into Thailand at an accelerated pace” said CEO & Co-Founder of BigPay, Salim Dhanani.
Both parties will be working closely together with the Bank of Thailand in order to ensure a smooth transition while GoPay is winding down its operations in Thailand.
“We’re excited to be given the opportunity to enter such a unique and connected market,” Salim added. “Our goal is to launch with all of BigPay’s core features, from payments to international remittance, but also to fully localise our user experience to appeal specifically to Thai consumers.”
Since 2017, BigPay has over 1.4 million users in Malaysia and the fintech company has launched a number of regulated financial products, from e-money and international remittance to micro insurance and budgeting, with the goal of being a one-stop solution for Malaysians’ financial needs. BigPay is currently available in Malaysia and Singapore and is now continuing its expansion throughout ASEAN.
BigPay also announced last week that it had applied for a Digital Banking licence in Malaysia with a consortium of strategic partners.
“The acquisition of Gojek and GoPay in Thailand has accelerated the launch for all our companies into the market,” said President of airasia Digital, Aireen Omar. “What Gojek has already achieved through its expansion of GoPay in Bangkok can be leveraged and we can take it to new boundaries to deliver greater convenience for the people of Thailand.”
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