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PAYFAZZ secures e-money license from Bank Indonesia to strengthen its financial service ecosystem

12 July 2021 – Jakarta – Indonesian fintech platform PAYFAZZ secures an e-money license from Bank Indonesia. The e-money license was officially approved on June 28, 2021 by Bank Indonesia as Electronic Money Issuer under PT Cashfazz Teknologi Nusantara, a subsidiary company of Fazz Financial Group. Fazz Financial Group is the holding company formed after […]

Indonesia-based PAYFAZZ makes strategic investment in Singapore-based Xfers, to form new entity Fazz Financial Group

Singapore/Jakarta, 4 March 2021 – PAYFAZZ, Indonesia’s leading fintech providing financial and payment services through agents today announced its strategic investment of US$30 million in Xfers, a Singapore-based fintech providing financial access to businesses via its strongly-built payments infrastructure across Southeast Asia. Following this agreement, both firms will be part of a newly-formed financial entity […]