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HitPay deploys Flagright security and compliance tech

Flagright has partnered with HitPay to improve payment security and compliance in Southeast Asia. 0 The Flagright HitPay partnership helps SMEs meet evolving regulatory needs. HitPay, a pioneering all-in-one payment platform for SMEs, is integrating Flagright's advanced security technologies to ensure its innovative payment solutions remain secure and compliant as they expand their services across Southeast Asia and beyond. HitPay, trusted by over 15,000 businesses, unifies online, point-of-sale, and B2B payments into a single, integrated payment processing system. HitPay earned a major payment institution (MPI) license from the Monetary Authority of Singapore (MAS), allowing them to broaden their services to include merchant acquisition and money transfers. This significant milestone underscores HitPay's commitment to providing secure and efficient payment solutions for SMEs. Aditya Haripurkar, Co-Founder and CEO of HitPay, expressed his enthusiasm about the collaboration: 'Partnering with Flagright is a crucial step in reinforcing our commitment to security and compliance. Flagright's cutting-edge transaction monitoring and AML compliance solution will enhance our ability to protect our customers' transactions and ensure compliance with stringent regulatory standards. As a fellow Y Combinator company, we share a common vision of leveraging technology to drive innovation and security in the financial sector. This collaboration ensures that HitPay continues to set the benchmark for secure and efficient payment processing.' Baran Ozkan, co-founder and CEO of Flagright, commented: 'We are thrilled to support HitPay, a leader in the payment processing industry and a fellow Y Combinator company. Our collaboration reflects our shared commitment to enhancing security and compliance in financial services. We look forward to supporting HitPay's mission to provide secure and seamless payment solutions for SMEs across Southeast Asia and the globe.' The Flagright HitPay partnership reflects a shared mission to strengthen trust in Southeast Asia's growing digital payment ecosystem.