The latest EBANX expansion adds six more markets to its recurring alternative payments offering across Southeast Asia, Africa and Latin America.
The expansion covers the Philippines, Indonesia, Thailand, South Africa, Colombia and Peru.
It is aimed at global merchants offering subscription-based services such as streaming, software and gaming.
With the latest rollout, EBANX now supports recurring alternative payments in 12 emerging markets.
Its existing coverage includes India, Brazil, Mexico, Chile, Argentina and Uruguay.
This gives merchants access to more than 1 billion users of alternative payment methods across those markets.
In Southeast Asia, the new options include Maya and GCash in the Philippines, OVO and DANA in Indonesia, and TrueMoney in Thailand.
These rollouts will be made available to merchants in phases across Q2, Q3 and Q4 this year.
In South Africa, EBANX is also adding Capitec Pay Recurring for cross-border transactions.
In Latin America, the company is adding Nequi in Colombia and Yape in Peru for cross-border recurring payments.
These will sit alongside existing options such as Pix Automático and NuPay in Brazil, as well as Mercado Pago in Mexico, Chile, Uruguay, Argentina and Brazil.
The move follows a recent announcement that the company is preparing to enter Malaysia and Vietnam next quarter.
The announcement was made during Money20/20 Asia in Bangkok.
“Consumers without access to credit or debit cards rely heavily on APMs to pay for subscription-based e-commerce services.
If a SaaS or streaming company does not offer local, alternative solutions for these consumers, they simply won’t access them.”
said Eduardo de Abreu, Global Chief Product Officer at EBANX and Regional CEO of EBANX Singapore.
Featured image: Edited by Fintech News Singapore, based on image by Trend2023 via Freepik