Latest news with #HitPay
Yahoo
07-07-2025
- Business
- Yahoo
HitPay integrates Flagright's payment security tech
Singapore-based payments firm HitPay has integrated payment security technologies from Flagright to enhance compliance. Serving over 15,000 businesses, HitPay consolidates various payment methods into a single, integrated payment processing system. HitPay will leverage Flagright's AI-powered technology and no-code platform to enhance its compliance and fraud prevention efforts. Flagright co-founder and CEO Baran Ozkan said: '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.' HitPay co-founder and CEO Aditya Haripurkar stated: '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.' In March this year, HitPay collaborated with NPCI International Payments Limited (NIPL) to increase Unified Payments Interface (UPI) acceptance in Singapore. This partnership aims to facilitate QR code-based payments for Indian travellers at various locations in Singapore. In 2024, HitPay secured a major payment institution (MPI) licence from the Monetary Authority of Singapore (MAS), enabling it to offer services such as merchant acquisition and money transfers. "HitPay integrates Flagright's payment security tech " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Finextra
03-07-2025
- Business
- Finextra
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.
