Our Licenses

PayerMax holds licenses from regulatory agencies in a wide range of key markets.

Singapore

The payment licence is issued by the Monetary Authority of Singapore (MAS).

United Arab Emirates

The license is issued by the Abu Dhabi Global Market Financial Services Regulatory Authority.

China(Hong Kong)

The licence is issued by the Hong Kong Customs & Excise Department.

Indonesia

The PJP payment license is issued by Bank Indonesia.

Philippines

The licence is issued by the Bangko Sentral ng Pilipinas.

Thailand

The payment license is issued by the Bank of Thailand.

Saudi Arabia

The credential is issued by Saudi Payments, on behalf of the Saudi Central Bank.

Our Local Offices Worldwide

We have established localized offices in 16 countries and regions with the aim of providing you with more localized professional services

SingaporeSaudi ArabiaUAE (Dubai)UAE (Abu Dhabi)MalaysiaThailandIndonesiaPhilippinesVietnamChina (Hong Kong)China (Shanghai)South KoreaKuwaitBrazilBahrainMexico

Our Story

We adhere to a long-term perspective, continuously expand our global business, break geographical and currency limitations, and make payments more inclusive and convenient.

PayerMax was founded.

2018

Established offices in Singapore and Hong Kong, China.
Expanded business into the Southeast Asian market: Launched online transactions in Indonesia and the Philippines.

2019-2020

Secured payment licenses in Hong Kong and Thailand.
Supported over 350 global payment methods.
Monthly transaction volume exceeded 10 million dollars.
Launched the gaming industry solution, JollyMax.

2021

Secured payment licenses in Singapore, the UAE, and the Philippines.
Expanded the business into the Middle East market.
Supported over 530 global payment methods.

2022

Secured payment licenses in Indonesia.
Launched a new forex product-Exchange Rate Lock.
Selected as one of the first companies for the National Technology Development Program (NTDP) by the Ministry of Communications and Information Technology (MCIT) in Saudi Arabia.

2023

The first Asian fintech company to establish its MENA regional headquarters in Saudi Arabia.
The first Asian fintech company secured The Payment Technical Service Provider (PTSP) certification is issued by Saudi Payments, on behalf of the Saudi Central Bank.
Achieved over 95% payment coverage in emerging markets.

2024