The new funding is expected to boost the company’s global expansion after the launch of new fintechs and digital banks in Europe and South-East Asia.
According to ibisintelligence.com, the company had previously expanded into the APAC region in 2019 and delivered programmes with Australian neobank Xinja and Hong Kong-based WeLab Bank.
Moreover, as a preferred issuer processor for Visa’s APAC Fintech Fastrack programme, GPS has worked closely with Visa to prepare for the 2021 Tokyo Summer Olympics.
Post-funding, GPS aims to expand beyond the European and APAC regions as one of Visa’s preferred processors.
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