BIGPAY has set its eyes on expanding to other countries within South-East Asia by the end of 2021, as it perpetuates its mission to democratise financial services across the region.
The financial technology platform, which started off in 2018, quickly became one of Malaysia’s largest digital financial platforms by gross transaction value, while boasting more than 1.3 million users.
Its CEO and co-founder Salim Dhanani said the platform started off in Malaysia with one product, and grew to multiple business lines, thus making the decision to enter the Singaporean market in September 2020 an even more viable one.
“Our expansion to Singapore was planned and a logical move because of the close ties between both countries.
“We wanted to prove that we can replicate the success we achieved in Malaysia on a regional level,” he said to The Malaysian Reserve (TMR) in an interview recently.
The platform recently launched its cash top-up in more than 2,400 7-Eleven stores across Malaysia, giving it a huge advantage considering there are more 7-Eleven stores than bank branches these days.
Salim said the aim is to remove physical and monetary barriers that prevent people from managing and using finances.
“Ensuring that everyone has access to digital banking services is central to our mission, and allowing cash to be seamlessly transferred to a BigPay account is a big step in that direction,” he added.
Since the expansion, the platform has recorded incredible growth and has continued to strengthen its presence in more countries.
Salim said BigPay’s expansion plans have been strongly reinforced by the fact that there has been a regional demand for the types of services offered and ones in the pipeline.
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