{"id":10864,"date":"2025-11-12T10:13:55","date_gmt":"2025-11-12T02:13:55","guid":{"rendered":"https:\/\/sgbuzz.com\/?p=10864"},"modified":"2025-11-12T10:13:55","modified_gmt":"2025-11-12T02:13:55","slug":"boku-launches-innovation-hub-in-singapore-to-develop-cross-border-payment-capabilities","status":"publish","type":"post","link":"https:\/\/sgbuzz.com\/?p=10864","title":{"rendered":"Boku Launches Innovation Hub in Singapore to Develop Cross-Border Payment Capabilities"},"content":{"rendered":"


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Boku, a network for localised payment solutions, announced the launch of its Innovation Hub in Singapore on 12 November 2025 at the Singapore Fintech Festival. The hub includes a team focused on building new payment capabilities, which aims to solve merchants\u2019 cross-border money movement challenges.<\/p>\n

With global payments projected to reach about US$290 trillion by 2030,<\/a> Boku is prioritising solutions that remove friction for global merchants. This includes real-time FX and payout capabilities and the application of AI and blockchain technologies with financial services.<\/p>\n

Yi Hahn Chin, Head of Boku\u2019s Innovation Hub, shared that cross-border payments remained one of the most persistent friction points for digital merchants operating across multiple markets. He added,<\/p>\n

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Yi Hahn Chin<\/figcaption><\/figure>\n
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\u201cBy working closely with merchants and regional partners in Singapore, our team can stay close to evolving market needs and accelerate our response with new capabilities.\u201d<\/p>\n<\/blockquote>\n

In its press release, Boku mentioned that it selected Singapore for its deep fintech talent, forward-looking regulatory environment, and proximity to Asia-Pacific\u2019s most innovative payment ecosystems.<\/p>\n

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From Singapore, the Boku Innovation Hub will collaborate with regional fintechs and merchants to design, prototype, and validate capabilities. Stuart Neal, CEO of Boku, added,<\/p>\n

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\"Stuart
Stuart Neal<\/figcaption><\/figure>\n

\u201cMerchants don\u2019t just need more payment methods \u2013 they need payment infrastructure that reduces complexity while expanding reach.\u201d<\/p>\n<\/blockquote>\n

Founded in 2008, Boku<\/a> is headquartered in London with offices across North America, Asia-Pacific, Europe, and Latin America. Boku is also listed on the AIM market of the London Stock Exchange (BOKU).<\/p>\n

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Featured image: Edited by Fintech News Singapore, based on image by Mition Julia\u00a0<\/a>on Freepik<\/em><\/p>\n<\/div>\n


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