EBANX has announced an Asia-Pacific headquarters in Singapore, positioning it as a base for payments product development and regulatory operations serving its international merchant network.
The Singapore hub will complement EBANX's existing footprint across Latin America, Africa and Asia. The group works with more than 500 merchants in sectors including SaaS, streaming, gaming and online retail.
The move follows a sharp rise in transaction volumes. EBANX reported a 48% increase in Total Payment Volume in 2025, its strongest annual increase to date.
Founded in Brazil in 2012, EBANX began expanding internationally in 2015 and now operates in more than 20 emerging markets. It has built local teams in several countries as it has widened its geographic reach.
"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, Chief Executive Officer and Co-founder.
EBANX said 65% of its gross profit last year came from markets outside Brazil, with 20% coming from outside Latin America, signalling a broader shift in its revenue mix as it invests in other regions.
Growth was uneven across its portfolio. In Africa, EBANX said it more than tripled Total Payment Volume in 2025. It also reported gains in established markets, including 100% growth in Argentina, 87% in Colombia and 51% in Brazil compared with 2024.
Singapore hub
The Singapore headquarters will host EBANX's Chief Product Officer and the city-state's regional chief executive. Eduardo de Abreu, the company's Chief Product Officer, has also taken on the role of Chief Executive Officer of EBANX Singapore and has relocated to the country.
The headquarters will open with a team of 25. Senior leaders in engineering, technology, treasury, compliance, market development and merchant success will be based at the site.
EBANX has operated in Singapore since 2015, when it established the location as its primary centre for funds transfer functions. The new headquarters builds on that presence.
"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 de Abreu.
Regulation also influenced the decision to deepen its presence. EBANX obtained a Major Payment Institution licence from the Monetary Authority of Singapore in 2025, bringing it within Singapore's payments regulatory framework.
Market context
Singapore has attracted sustained investor interest in fintech, with payments taking a large share of deal value. EBANX cited KPMG data showing more than USD $1 billion invested in Singapore's fintech sector in the first half of 2025, with payments accounting for 47% of total deal value.
EBANX also referenced the International Monetary Fund's view of the city-state's oversight approach, saying the IMF has highlighted how the Monetary Authority of Singapore balances progress with safety and soundness.
APAC links
EBANX said the Singapore headquarters strengthens its APAC position as interest grows among the region's merchants in selling into emerging markets. The company works with international eCommerce businesses seeking to accept local payment methods across Latin America, Africa and Asia.
Shanghai remains EBANX's largest office outside Brazil, a position it has held since 2019. The company also set up a dedicated team in India in 2024 and has launched operations in India and the Philippines in recent years.
Del Valle linked the Singapore expansion to broader shifts in trade and commercial strategy among merchants.
"We are seeing a strong expansion movement of APAC merchants into emerging markets, especially in Latin America and Africa," said 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."
EBANX said its Singapore headquarters will serve as a centre for product and regulatory work as it continues expanding across emerging markets in multiple regions.