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HitPay
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Full-stack payments infrastructure platform for businesses
HitPay
Work Here?
Full-stack payments infrastructure platform for businesses
About HitPay
Industries
Fintech
Financial Services
Company Size
11-50
Company Stage
Series A
Total Funding
$18.5M
Headquarters
Singapore, Singapore
Founded
2016
Overview
Company Does Not Provide H1B Sponsorship
HitPay provides a comprehensive payments infrastructure platform tailored for businesses in the Asia-Pacific region. The platform integrates various payment methods, including e-commerce transactions, point of sale systems, and business-to-business payments, allowing users to manage all their payment needs in one place. HitPay operates under regulations in six different jurisdictions within APAC, ensuring compliance and security for its users. Unlike many competitors, HitPay focuses on unifying multiple payment solutions into a single platform, making it easier for businesses to handle their transactions. The company's goal is to support the growth of businesses in the region by simplifying the payment process and providing a reliable infrastructure.
Simplify's Take
What believers are saying
- Growing demand for contactless payments supports Tap to Pay on iOS.
- BNPL market growth aligns with HitPay's partnership with BillEase.
- API economy growth supports HitPay's focus on developing Payout APIs.
What critics are saying
- Rapid expansion may lead to potential security vulnerabilities.
- Regulatory scrutiny in the Philippines may challenge GCash partnership.
- BNPL services expose HitPay to increased credit risk.
What makes HitPay unique
- HitPay partners with NIPL to expand UPI acceptance in Singapore.
- Launch of Tap to Pay on iOS in five major countries.
- Mass payout services launched in Singapore, Malaysia, and the Philippines.
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Funding
Total Funding
$18.4M
Meets
Industry Average
Funded Over
2 Rounds
Tiger GlobalIndustry standards
Growth & Insights and Company News
6 month growth
↓ -6%1 year growth
↓ -4%2 year growth
↓ -4%NPCI International Payments Limited (NIPL), the global arm of NPCI, has partnered with Singapore-based HitPay to expand UPI acceptance in Singapore.
HitPay partners with NIPL to enable UPI payments for Singapore merchants.
Secure Transactions with Tap to Pay As HitPay launches Tap to Pay on iOS, it is essential to ensure that users can trust the security and privacy of their transactions.
Commerce infrastructure provider HitPay has debuted mass payouts in three new countries. Business customers in Singapore — where HitPay is based — Malaysia and the Philippines can now “seamlessly pay workers, contractors, partners, and suppliers via HitPay,” the company said on its blog Monday (Dec. 11). In addition, marketplace and platform-based businesses can manage mass payouts using HitPay’s Payout APIs, the release said
With the introduction of its Payout APIs, HitPay expands its end-to-end payment solutions that streamline online payments, point of sale (POS), and B2B payments.
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About HitPay
Industries
Fintech
Financial Services
Company Size
11-50
Company Stage
Series A
Total Funding
$18.5M
Headquarters
Singapore, Singapore
Founded
2016
There are no jobs for HitPay right now.
Find jobs on Simplify and start your career today