Financial Software and Systems (FSS), a leading global digital payment and financial technology company, is seeking to strengthen its longstanding association with the Association of Southeast Asian Nations (asean) by building state-of-the-art infrastructure and expanding local footprint to capitalize on the booming digital payments market.

FSS has built a strong reputation the past three decades servicing marquee clients, mostly leading banks, as the most trusted, flexible and agile banking and digital payments company in Asia and other global regions.

Riding high on its ongoing expansion drive across the globe, the payments leader is ramping up its presence within ASEAN as Southeast Asia leads the way in digital payments growth, surpassing the West.

From 2018 to 2019, mobile payments growth surged by 19, 17, 14, and 9 percent respectively for Thailand, Malaysia, the Philippines, and Indonesia, while Vietnam became the leader with 24 percent increase in usage.

With ASEAN emerging as the global powerhouse in leading the customer shift to digital and mobile payments, FSS is taking a two-pronged approach to strengthen its market position.

The company is consolidating key strategic partnerships with leading banks, processors and fin-tech companies to develop targeted payment propositions, and also investing heavily to build state-of-the-art infrastructure to drive growth and innovation.

ASEAN occupies a central position in FSS’ global expansion strategy and the company believes that local presence in the region will help serve the local customer base better by developing targeted financial products and services.

FSS’ digital-first end-to-end payment suites encompass issuance, omni-channel acquiring, digital security, digital banking, analytics, smart back office and payments processing.