Sunrate, a global payment and treasury management platform, has announced the acquisition of an experienced payments team, marking the official launch of its global acquiring services. This strategic move aims to bolster Sunrate’s end-to-end global payments capabilities by integrating a team with over a decade of industry experience and a mature acquiring system. The acquisition enables Sunrate to expand its service footprint across various payment acceptance scenarios.
The newly acquired team will operate as Sunrate’s Global Acquiring Business Unit, bringing a production-proven acquiring solution validated through long-term operations. This includes a stable technology architecture, a comprehensive risk and compliance framework, and extensive experience in serving merchants across multiple markets. The team is adept in global card scheme connectivity, local payment method integration, and fraud prevention.
Sunrate’s Global Acquiring solution offers extensive payment method coverage, supporting six major international card schemes, 30 global e-wallets, and 50 local payment methods. It also provides flexible multi-currency settlement options, supporting 80 transaction currencies and 10 global settlement options. The solution is compatible with various platforms, including Shopify, and offers enterprise-grade security and risk protection.
Paul Meng, co-founder of Sunrate, stated, “Looking ahead, Sunrate will continue to invest in product and service innovation, including the application of AI and other advanced technologies.” The expansion into global acquiring represents a key milestone in Sunrate’s strategy, aiming to reduce cross-border operational complexity and costs for enterprises.
Founded in 2016, Sunrate has established itself as a leading solution provider, enabling companies to operate in 190 countries. With headquarters in Singapore and offices in Hong Kong, Jakarta, London, and Shanghai, Sunrate partners with top financial institutions such as Citibank and Barclays.
