Indonesia's Xendit expands to Malaysia with investment in Payex

Xendit Group director Rifai Taberi (left), cofounder and COO Tessa Wijaya (middle) and director Mikiko Steven (right) pose for a photo on Jan 12, 2022. - The Jakarta Post

JAKARTA (The Jakarta Post/Asia News Network): Indonesian financial technology company Xendit has established a foothold in Malaysia as it seeks to build a presence across South-East Asia.

“So that Xendit can take Indonesia to the global stage, we consider it necessary to have a presence in multiple South-East Asian countries,” Xendit cofounder and chief operating officer Tessa Wijaya said on Thursday (Jan 12).