Brazil-founded payments technology company EBANX will inaugurate its Asia-Pacific headquarters in Singapore on March 24, 2026, following a record year of volume growth and the completion of its Major Payment Institution licensing process with the Monetary Authority of Singapore. The move consolidates Singapore as the company’s global product and regulatory center, serving a merchant network that generated 36% of its total payment volume from APAC in 2025.
Key Facts At A Glance
- EBANX will open its Singapore APAC headquarters on March 24, 2026, announced March 12, 2026
- The company recorded a 48% increase in Total Payment Volume in 2025, its highest annual growth on record
- EBANX obtained a Major Payment Institution license from the Monetary Authority of Singapore in 2025, covering cross-border money transfers and merchant acquisition services
- Eduardo de Abreu, Chief Product Officer of EBANX, has been appointed CEO of EBANX Singapore and has relocated to the city-state
- The new headquarters will be staffed by 25 professionals across engineering, technology, treasury, compliance, market development, and merchant success
- EBANX projects 30% TPV growth from APAC merchants in 2026, across more than 20 emerging markets
- The company serves over 500 merchants globally and over 100 APAC enterprise clients, including AliExpress, Canva, Gravity Game Vision, Weverse, and XTransfer
- Singapore has served as EBANX’s primary funds transfer center since 2015
EBANX, incorporated in Brazil in 2012, announced on March 12, 2026, that it will inaugurate its Asia-Pacific headquarters in Singapore on March 24. The facility will function as both a product development center and a regulatory hub for the company’s international e-commerce merchant operations across Latin America, Africa, and Asia.
From In-Principle Approval To Full Licensure
The Singapore headquarters opening follows a regulatory process that began in February 2025, when EBANX Pte. Ltd. received In-Principle Approval from the Monetary Authority of Singapore for a Major Payment Institution license under the Payment Services Act. Full MPI licensure was confirmed in 2025. The MPI license covers two categories of regulated payment services: cross-border money transfers and merchant acquisition services, replacing the prior authorization framework under which EBANX had operated its Singapore-based settlement hub since 2015.
Under the Payment Services Act, a Major Payment Institution license is required for payment firms processing above S$3 million in monthly transaction volume in regulated categories. EBANX’s MPI status places it within the same licensing tier as other institutional-scale payment infrastructure providers supervised by MAS.
Leadership And Organizational Structure
Eduardo de Abreu, who serves as EBANX’s global Chief Product Officer, has been appointed CEO of EBANX Singapore and has relocated to the new headquarters. The appointment was announced in February 2026, prior to the headquarters inauguration. De Abreu described Singapore as a cornerstone for the development of payment solutions for e-commerce merchants worldwide and cited its role in supporting expansion into markets including India and the Philippines.
The 25-person Singapore team will include senior leaders across engineering, technology, treasury, compliance, market development, and merchant success. João Del Valle, EBANX’s CEO and co-founder, has framed the Singapore hub as central to a broader thesis about South-South trade flows, noting that APAC merchants are increasingly seeking access to consumers and businesses in Latin America and Africa.
Volume Performance And Market Composition
EBANX reported a 48% increase in Total Payment Volume for the full year 2025, which it described as the highest annual growth in the company’s history. APAC accounted for 36% of that volume, with the company serving more than 100 enterprise merchants in the region. Africa more than tripled its TPV contribution in 2025. Other markets also grew: Argentina 100%, Colombia 87%, and Brazil 51% year-on-year.
For 2026, EBANX projects 30% TPV growth from APAC, driven by merchant activity across more than 20 emerging markets. The company’s APAC merchant portfolio spans multiple verticals, including B2B trade, SaaS, streaming, gaming, and online retail.
Singapore’s Role In Emerging-Market Payments Infrastructure
EBANX cited KPMG data showing more than USD $1 billion invested in Singapore’s fintech sector in the first half of 2025, with payments accounting for 47% of total deal value. The company also referenced the IMF’s characterization of MAS’s approach as a model that balances regulatory progress with systemic safety. Singapore has attracted a concentration of emerging-market payment infrastructure firms under the MPI licensing regime, including other cross-border settlement and digital payment token providers.
The Singapore headquarters also positions EBANX to support North American and European merchants seeking to expand into fast-growing economies such as India and the Philippines, in addition to its established base of APAC enterprise clients.