BVNK expands to Apac

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In May, BVNK submitted its MPI (Major Payment Institution) license application for APAC, marking a major step toward establishing its presence in the region. The application process reflects BVNK's dedication to expanding operations globally.

BVNK combines traditional payments infrastructure with distributed ledger technology (DLT) to create modern nails for moving money, enabling its customers to send, receive and convert traditional and digital currencies seamlessly across 61+ countries. The company is on track to secure licenses in 15 markets within the next 12 months, building on its existing EMI and VASP licenses in UK and Europe, further solidifying its position as a global leader in the payments technology sector.

Recognising the immense potential of the market for payments across APAC, BVNK Co-Founder, Chris Harmse, temporarily relocated to Singapore in March to kickstart APAC expansion. As a result, BVNK has already established its founding team in Singapore and plans to expand its presence over the coming months. Singapore, known for its thriving fintech ecosystem and robust regulatory framework, provides an ideal hub for BVNK's innovative payments offering and expansion into APAC.

"We are excited about the opportunities the APAC fintech market presents for BVNK," said Jesse Hemson-Struthers, CEO of BVNK. "Singapore's strategic location, vibrant fintech ecosystem, and forward-thinking regulatory environment make it the perfect base for our expansion. We are confident that our presence in Singapore will enable us to deliver tailored payment solutions to our customers in the APAC region while contributing to the growth and development of the local fintech landscape."

The appointment of Anthony Man as General Manager for APAC brings a wealth of industry expertise and international experience to BVNK. Anthony's proven leadership skills and track record of driving growth in his previous role at Currencycloud make him an invaluable addition to BVNK's leadership team.

“I am excited to join the team of entrepreneurs, innovators and experts at BVNK as we build our team in APAC. Submitting our MPI application is an important first milestone in our APAC journey and an indicator of our intention as we expand our business across the region and globally.”