EBANX Announces HQ in Singapore After 48% Annual TPV Growth

WHY THIS MATTERS: The relocation of EBANX’s core product and compliance leadership to a new Singapore headquarters signals a profound re-mapping of the global payments landscape. This move is not merely an office relocation but a strategic institutional pivot, placing the firm at the intersection of Asian supply and emerging market demand. The real industry significance lies in the company’s focus on fostering South-South commerce, specifically facilitating the expansion of Asian e-commerce merchants into high-growth regions like Latin America and Africa. By securing a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), EBANX is leveraging the city-state’s gold-standard regulatory environment to build scalable and compliant infrastructure. For global enterprises, this means a trusted, single gateway to penetrate new frontiers, making this development a critical indicator of maturity in the burgeoning cross-border payments space.

EBANX, a global technology company specialising in payment services for emerging markets, will inaugurate an Asia-Pacific Headquarters in Singapore on March 24. The announcement follows a record-breaking 48% increase in EBANX’s Total Payment Volume (TPV) in 2025, with the company serving more than 500 merchants worldwide. 

Founded in Brazil in 2012, EBANX has expanded its global operation since 2015 to more than 20 emerging markets across Latin America, Africa, and Asia, while deepening its expertise with teams on the ground.

“EBANX was already strong in Brazil in the first three years, but we saw similar challenges across other markets, so we knew we had to expand,” said João Del Valle, CEO and Co-founder of EBANX.

Last year, 65% of the company’s gross profit came from markets outside Brazil, including 20% from outside Latin America. In addition to its expansion, marked by the launch of operations in India and the Philippines in recent years, EBANX ramped up its operations in Africa, more than tripling its TPV in 2025. The company also recorded above-average growth in markets that were already consolidated in its portfolio: last year, TPV surged by 100% in Argentina, 87% in Colombia, and 51% in Brazil compared to 2024.

As part of strengthening EBANX’s global structure, the HQ in Singapore will serve as a product and regulatory center for enterprise e-commerce merchants worldwide. In 2025, the company obtained a Major Payment Institution (MPI) licence from the Monetary Authority of Singapore (MAS). Last month, Eduardo de Abreu, Chief Product Officer (CPO) of EBANX, was appointed CEO of EBANX Singapore and relocated to the new HQ.

Since 2015, Singapore has been the company’s primary centre for funds transfer capabilities.

“With the inauguration of the new Headquarters, we are strengthening our presence in one of the world’s leading hubs for innovation and technology,” said Abreu. In addition to the CPO, 25 professionals will be based at the HQ, including senior leaders overseeing engineering, technology, treasury, compliance, market development, and merchant success. 

According to the IMF, MAS has managed to strike the right balance between progress and safety and soundness, positioning the city-state as a leading example in fintech innovation and regulation. The most recent data from KPMG on Singapore’s fintech sector shows that this environment has attracted over USD 1 billion in investments in the first half of 2025 alone, with the payments vertical leading the way, accounting for 47% of the total deal value.

South-South ties

EBANX’s new HQ will further strengthen the company’s presence in the APAC region, where it has partnered with leading e-commerce merchants to support their expansion into emerging markets. The company has maintained its largest office outside Brazil in Shanghai, China, since 2019, and established a dedicated team in India in 2024.  

“We are seeing a strong expansion movement of APAC merchants into emerging markets, especially in Latin America and Africa,” said João Del Valle. “In the current global landscape, companies are searching for new growth opportunities, strengthening South-South ties and building diversified and resilient global partnerships,” the CEO of EBANX added.

FF NEWS TAKE: This development decisively moves the needle, cementing Singapore’s status as the regulatory launchpad for global e-commerce payments. It confirms that the next phase of rapid growth will be driven by connecting APAC markets directly to Latin America and Africa. The key watch point is whether the newly established regulatory footing translates into faster, more competitive merchant onboarding and the activation of new corridor-specific payment methods. We anticipate a surge in localized offerings for enterprise clients aiming to capture consumers in underserved digital economies.