With its native payment methods, STICPAY had previously improved the user experience with payments in Australia, Hong Kong, the Philippines, Singapore, Indonesia, Vietnam, Thailand, Colombia, India, Malaysia, and China. With these recently disclosed alliances, STICPAY is improving the usability, affordability, and integration of its payment service.

STICPAY has incorporated a wide range of local payment methods, both traditional and innovative, from China, India, Hong Kong, the Philippines, Singapore, Indonesia, Vietnam, Thailand, and Malaysia. Among them are:

• Wechatpay and Alipay (Hong Kong and China)
• GCash (Peru)
• PayNow (Singapore)
• (Indonesia) QRIS (Vietnam) MonoPay
• Pay Quickly (Thailand)
• UPI (Individual)
• Wallet TNG (Malaysia)

The new cooperation also makes numerous additional payment methods possible, such as bank transfers and smartphone payments.
 

Thanks to STICPAY's action, e-wallet services are now available to a larger portion of the Asian population. Additionally, local users in Asia, including people and companies, may now take advantage of customized, locally available payment alternatives that are comfortable and familiar to them thanks to the integrations. They can then more easily handle daily transactions, pay their bills, and manage their finances as a result.

Additionally, the collaborations will greatly reduce the cost of changes. When compared to international transactions, local payments significantly lower or completely eliminate transaction fees.

Asia-Pacific and beyond
 

As part of its efforts to increase the number of local payment providers it works with globally, STICPAY has announced new agreements with PayID and Nequi, local payment providers in Australia and Colombia, respectively, in addition to the Asian relationships.

Over 60% of people on the planet will be using digital wallets by 2026, according to Juniper research, with emerging nations accounting for the majority of this adoption. By 2025, it is expected that Indonesia will have 202 million mobile wallet users. Digital wallets contribute to the expansion of emerging market economies, where the banking infrastructure is frequently antiquated, unreliable, and poorly dispersed.


"STICPAY's launch of new local payment methods represents a significant step towards creating a global financial ecosystem that recognizes and respects users' unique needs in various countries," stated Sean Park, CEO of STICPAY. By placing a high value on affordability, convenience, and trust, STICPAY is promoting a financial experience that is catered to the various tastes of its consumers rather than merely providing a service.

"As we advance, this creative strategy reaffirms STICPAY's dedication to leading the digital finance space and reshaping the financial landscape one area at a time."