Mobile Detect Status

If you want to use the mobile_detect cache contexts to vary the content served to anonymous users, "Internal Page Cache" must be disabled, and the performance impact that entails incurred.

Internal Page Cache module is disabled

  • Is Desktop
  • Is Not Mobile
  • Is Not Tablet
, Singapore

Indonesia's PAYFAZZ, Singapore fintech Xfers form financial entity

PAYFAZZ is also investing US$30m in Xfers.

Indonesia’s PAYFAZZ, an agent-based financial and payments services provider, and Singapore-based payments fintech Xfers are forming financial entity Fazz Financial Group (FFG) that aims to provide inclusion through financial services across Southeast Asia, according to a press release.

The announcement is accompanied by PAYFAZZ investing US$30m in Xfers. This reportedly marks one of the first cross-border transactions between two fintech startups in Southeast Asia, the two companies said.

Both companies will continue retaining their respective names whilst operating under the new financial entity.

FFG has appointed Hendra Kwik, co-Founder and CEO of PAYFAZZ, as group CEO. Joining him as the Group’s deputy CEO is Tianwei Liu, co-Founder and CEO of Xfers. The two will continue as CEOs of their respective companies.

The group has also appointed Robert Polana, former-CFO of, as chief financial officer.

Established in 2020, Xfers provides financial access to businesses across Southeast Asia through its payment infrastructure.

PAYFAZZ recently announced a US$53m Series B funding round led by B Capital and Insignia Ventures Partners, with participation from Tiger Global, Y Combinator, ACE & Company and BRI Ventures.

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Get Asian Banking and Finance in your inbox

Contact me about the awards