Juspay, the India-based payments technology company, is making bold moves to widen its influence in the Asia Pacific (APAC) market with the opening of a new office in Singapore. Known for its cutting-edge payment solutions, Juspay specializes in one-click checkout, payment orchestration, fraud management, authentication, and tokenization, helping businesses optimize their digital payment experiences.
Processing an impressive 200 million transactions daily, Juspay handles an annual payment volume of over $900 billion, marking its significant role in global payment infrastructure. With a workforce of approximately 1,200 employees spread across India, the United States, the United Kingdom, Brazil, and Singapore, the company is rapidly expanding its global footprint.
Tapping into the APAC Digital Payments Boom
The timing of Juspay’s expansion comes as the APAC payment gateway sector experiences unprecedented growth. Valued at $11.88 billion in 2024, the market is expected to skyrocket to $25.42 billion by 2033, growing at an 8.38% annual rate. Southeast Asia’s digital payments are expected to surpass $1 trillion by 2025, driven by the surge in tech platform adoption.
For Juspay, which already processes a staggering $900 billion in annual payment volume, this expansion in Singapore positions it perfectly to capture a slice of the fast-growing market. Consumers across APAC are increasingly demanding real-time payments and seamless cross-border transactions—two areas where Juspay has demonstrated solid expertise.
From Humble Beginnings to Global Payments Powerhouse
Juspay’s story is one of impressive growth since its founding in 2012. Starting with just 30 employees and raising ₹40 crore in Series A funding in 2016, the company initially aimed to expand to a modest 50-employee workforce. Fast forward to today, and Juspay employs 1,200 people, processing more than 200 million daily transactions—nearly 300 times the 700,000 transactions it handled in 2016.
This growth is in line with the broader transformation of the payments industry, where infrastructure providers like Juspay have become vital players in the financial ecosystem. As embedded finance takes center stage, companies are looking to streamline payment systems, and Juspay’s partnership with Agoda is a prime example of how digital platforms are relying on payment infrastructure providers to enhance their payment flows across APAC.
The Growing Battle for Payment Infrastructure Supremacy
Juspay’s expansion highlights the intensifying competition in the APAC payment infrastructure space. Singapore has emerged as a prime hub for payment companies, owing to its favorable regulatory environment and strategic access to Southeast Asia, where digital wallet adoption is on the rise.
While consumer-facing payment apps dominate the headlines, infrastructure providers like Juspay operate behind the scenes, managing the complex and technical aspects of transaction processing. This “backbone” layer of payment systems is critical, with Juspay boasting an impressive 99.999% reliability rate.
As digital payments in APAC continue to diversify, particularly with China’s digital wallets accounting for 82% of e-commerce spending in 2023 companies capable of orchestrating diverse payment methods across multiple markets stand to capture substantial market share.
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