Eftsure, a leading payment assurance provider, has launched its payment verification infrastructure in Singapore, a major financial hub in Asia. This expansion aims to provide finance teams with a continuously verified source of payment data, enhancing control over domestic and international vendor networks.
Singapore’s status as a corporate finance centre involves high-volume vendor payments, which are often managed by centralised finance teams. This creates complex cross-border payment flows and governance challenges. Eftsure addresses these issues by offering a robust verification system that confirms payment details before transactions occur, reducing reliance on manual checks like registry lookups and callbacks.
The need for such a solution is underscored by the rising threat of scams and cybercrime, which cost Singapore S$913.1m in 2025, according to the Singapore Police Force. Eftsure’s infrastructure spans over 190 countries, covering 85% of the world’s banked population, and supports local payment conventions, making it a valuable tool for multinational organisations.
Karthik Manimozhi, Global President at Eftsure, highlighted the importance of embedding trust within payment infrastructure to combat fraud and errors. “Trust now has to sit inside the infrastructure itself, validating payment data before money moves,” he stated.
Eftsure’s CEO, Jon Soldan, emphasised the need for finance leaders to maintain governance whilst moving quickly. “Eftsure gives organisations a way to continuously monitor payments at scale, helping reduce payment risk,” he said.
With its launch in Singapore, Eftsure continues its global expansion, having already established a strong presence in Australia, New Zealand, the United States, and Europe. The company supports over 4,000 organisations, safeguarding billions in B2B payments annually.
