Eftsure, a leader in payment assurance, has launched its services in Singapore, enhancing payment verification for educational institutions across the Asia-Pacific region. This expansion provides universities and education providers with a continuously verified source of payment data, crucial for managing significant cross-border transactions.
The move comes as Singaporean institutions, known for their global education partnerships, face increasing threats from scams and cybercrime. In 2025, such crimes resulted in losses of S$913.1m, with business email compromise being a major contributor, according to the Singapore Police Force.
Eftsure’s infrastructure offers finance teams a robust system that verifies payment details before transactions occur, monitoring vendor data for any changes. This system spans over 190 countries, covering 85% of the world’s banked population, and supports local payment conventions.
Karthik Manimozhi, Global President at Eftsure, highlighted the challenges posed by AI in fraud, stating, “AI has made fraud cheap to produce and truth expensive to verify.” He emphasised the importance of embedding trust within payment infrastructure to prevent errors and duplicate payments.
CEO Jon Soldan noted the increasing complexity of payment environments for educational institutions, stressing the need for strong governance and accountability. “Eftsure gives organisations a way to continuously monitor payments at scale,” he said.
Eftsure, which began in Australia in 2014, has expanded its verification network globally, including recent collaborations with France’s Sis ID. The Singapore launch marks another step in its international growth, supporting over 4,000 organisations and safeguarding billions in B2B payments annually.
