Here's how Xendit's positioning to go to market in Southeast Asia amidst the tough competition from global, regional and local players.
Payment in Southeast Asia is Fragmented, where cards payment are less preferred compared to the other alternative payments (i.e. virtual account, e-wallet, QR payments, etc).
Southeast Asia is huge market where each market has already have preferred payment gateway. i.e. Dragonpay in the Philippines, 2C2P in Thailand, Worldpay in Malaysia, VNPay in Vietnam. Whereas global player like Stripe or Adyen have smaller market size compared to the other local and regional players.
As a new regional player, as previously Xendit served only Indonesia and the Philippines market, the main competition is familiarity. Therefore, to show existance in SEA market, Singapore Fintech Festival is the right channel to show Xendit's existence.
Payment [Highlight]
Tokenized Payment for cards, direct debit and e-wallet
subscriptions feature
Payout
cross-border payment with multi currency to local party in Indonesia and the Philippines
Auto routing payment
Create sub-accounts on behalf of partners, auto deduct fee and route commission fee
Southeast Asia is a localized market where the top player among payment gateway are mostly localized.
With Xendit's localized team across the market, merchants can liberate themselves from:
setting up local ops team
connecting with hundreds of payment partners
dealing with local licenses and other local bureaucracy
Xendit as the world-class payment gateway with hyperlocal expertise
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I'm happy to discuss further details if you have any questions or inquiries about specific result.