INFINITIUM EYES GREATER PRESENCE IN ASIAN MARTS

KUALA LUMPUR: E-payment specialist Infinitium Group of Companies is looking to establish greater presence in Asian markets this year before making plans for a listing on Bursa Malaysia.

Founder and group chief executive officer Ho Ching Wee said the company was embarking on a growth mission in Indochina and China, riding on the region’s e-commerce boom.

The company also has strong momentum in Singapore, Indonesia, Thailand, Philippines, Vietnam, Cambodia and India.

He said Infinitium had more than 100 employees across those markets and planned to double that over the next two years.

“There are horizontal as well as vertical strategies in place to move the business forward. We want to build on our existing relationship with our customers and add value in other payment segments with new solutions, such as B2B payments and riskbased artificial intelligence, to name a few,” said Ho recently.

“We also hope to leverage our expertise in authentication and payment security to tap nonbanking institutions that require similar features, such as the insurance and telecommunications industries.”

Infinitium specialises in endto-end solutions and infrastructure in e-payment and authentication services and caters to merchants and banks, among others.

It has a 80 per cent market share in Malaysia and Indonesia with its 3D-Secure compliant authentication solution.

It services a network of 47 banks in the Asean region, with its solutions deployed for online payment authentications and impacting more than 180 million cardholders.