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Xendit
Xendit builds the payment plumbing that lets businesses in Southeast Asia accept money online and move it to their bank accounts.
Xendit is a payments company for Southeast Asia. When a customer in Indonesia, the Philippines, or another country in the region wants to pay a business online — by bank transfer, e-wallet, virtual account, QR code, or card — Xendit provides the software that makes that payment happen and then routes the money to the merchant.
Picture the region's payments landscape: instead of one dominant card network, people pay in a dozen different ways depending on the country and even the app on their phone. Xendit's pitch is that a business can plug into one system and accept all of those methods, rather than striking separate deals with each bank and wallet provider. It also handles the unglamorous but essential parts — verifying that money actually arrived, detecting fraud, and sending funds out to bank accounts or e-wallets, which businesses use for payroll, refunds, and paying suppliers. The company started in Jakarta in 2015 and is now headquartered in Singapore, which is where many Southeast Asian tech firms base themselves for regional and global investors. It has raised hundreds of millions of dollars from venture investors and expanded across Indonesia, the Philippines, Malaysia, Thailand, and Vietnam. Its main rivals are other payment gateways and infrastructure players serving the same fast-growing region.
The bet underneath the business is simple: as millions of people in Southeast Asia move from cash to digital payments, someone has to build the boring rails that connect merchants, banks, and wallets. Xendit is trying to be that someone, and to win by being the most reliable and widest-reaching option in each market rather than just the cheapest.
Saved answer · last researched 10 Nov 2026