Ayannah, ECAP merge operations

Wednesday 10 June 2020 14:39 CET | News

Philippines-based fintech Ayannah has merged operations with India-based PSP Electronic Cash and Payment Solutions (Ecaps).

While the financial details of the transaction were not divulged, the combined entity, called Ayannah Global, will establish its headquarters in Singapore. The company will focus on delivering financial services in South East Asia and South Asia regions. The combination comes at a time when the Covid-19 crisis has increased the number of digital transactions. 

Ayannah offers a series of services such as payments, remittances, and insurance, among others. On the other hand, Ecaps offers basic financial services to migrants and the unbanked population in India. Its service portfolio includes domestic money transfers, bill payments, ticketing, and recharges.

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Keywords: Ayannah, Ecaps, Philippines, India, fintech, PSP, transaction, Singapore, South East Asia, South Asia, COVID-19, digital transactions, payments , remittances, insurance, money transfers, bill payments, ticketing, recharges
Categories: Banking & Fintech
Countries: World
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Banking & Fintech

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