KPay Group, a prominent financial management and business operations platform, has launched its enhanced Terminal Pro, a cutting-edge solution designed to empower small and medium-sized enterprises (SMEs) in Singapore and across the Asia-Pacific region. This launch is accompanied by 24/7 dedicated customer support, reinforcing KPay’s commitment to being a trusted partner for SMEs. The company is celebrating the acquisition of 10,000 merchants in Singapore and 72,000 globally.
The company’s growth is bolstered by significant achievements, including securing US$55m in Series A funding in December 2024, marking the largest Series A investment in the payments sector for that year. KPay was also named PayTech of the Year at the Asia FinTech Awards 2025 and featured in Forbes Asia’s 100 Companies to Watch 2025 list. These accolades highlight KPay’s adaptability across various industries, making it a preferred payment partner.
Davis Chan, co-founder and CEO of KPay, emphasised the importance of SMEs in Singapore’s economy, noting their contribution to nearly 70% of the local workforce and close to half of the nation’s GDP. Chan stated, “KPay aims to be the first choice for SMEs that value technology by offering a multi-tiered support network.”
Looking towards 2026, KPay plans to expand its platform with innovations such as self-service kiosks and tap-to-pay solutions for offline businesses, alongside online payment collection options. The upcoming KPay Business Account will offer global remittance and automated expense control. KPay’s long-term ambition is to serve at least 20% of Singapore’s SMEs, reflecting its commitment to innovation and value delivery.
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