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KPay Aims to Double Singapore SMEs It Serves to 20,000 by 2026
The Straits Times
|September 04, 2025
Hong Kong-founded payments firm also wants to grow Singapore headcount by 40%
Hong Kong-founded payments firm KPay aims to double the number of small and medium-sized enterprises (SMEs) it serves in Singapore to 20,000 by 2026, amid fierce competition as they move to cashless payments.
The firm also wants to grow its Singapore and global headcount by 40 per cent each. Its current global workforce stands at 650.
It plans to hire more people in functions such as partnerships, ecosystem building and product in Singapore.
Speaking to The Straits Times at the firm's Robinson Road office on Sept 2, its chief executive Davis Chan said: "SMEs play a vital role in Singapore's economy, employing nearly 70 per cent of the local workforce and contributing close to half of the nation's GDP. Many SMEs are at the early stages of their digital payments journey and are prioritising simplified operations and cost transparency."
This story is from the September 04, 2025 edition of The Straits Times.
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