KUALA LUMPUR: Fiuu, the leading fintech platform in Southeast Asia, has achieved two national records in the Malaysia Book of Records for its performance in 2024: the Highest Payment Gateway Sales Value and the Largest Payment Gateway Transactions in a year. Processing over RM 35.6 billion (US$ 7.9 billion) in total payment volume and surpassing 500 million online transactions within Malaysia, these milestones highlight Fiuu’s pivotal role in driving the digital economy in ASEAN.
These achievements reflect Fiuu’s strategic investment in developing the “digital rails” that power cashless commerce and promote financial inclusion across Southeast Asia. The company focuses on creating scalable, interoperable, and secure systems that are accessible to underserved businesses and communities.
“We are honoured by the trust placed in us by our partners, merchants, and institutions,” said Eng Sheng Guan, CEO of Fiuu. “This recognition highlights the importance of our infrastructure in enabling fast-growing economies to thrive and adapt. Our efforts are directed towards supporting today’s economy while laying the foundation for future growth.”
Fiuu operates across eight key Asian markets, including Malaysia, Singapore, Thailand, Indonesia, the Philippines, Vietnam, Taiwan, and Hong Kong. It simplifies domestic and cross-border payments for over 70,000 merchants across sectors such as retail, logistics, healthcare, and government services. The platform integrates over 110 payment methods and has direct acquiring partnerships with Visa and Mastercard in Malaysia, Singapore, and the Philippines.
In 2024, Fiuu processed over 1.8 million transactions daily and handled more than RM 44 billion (US$ 9.8 billion) in annual transaction volume across Southeast Asia. The company saw a 208% surge in Visa and Mastercard transactions, with projections for over 300% growth in 2025.
Fiuu’s cloud-based infrastructure supports features such as Buy Now Pay Later (BNPL) and Visa Instalment Solutions, and the company continues to enhance its platform with features like tokenization, IoT payments, biometric authentication, and Apple Pay.
Looking ahead, Fiuu is focused on advancing cross-border capabilities, improving fraud prevention with AI, and expanding its acquiring relationships across ASEAN markets.
“As the digital economy grows, Fiuu will continue to build quietly but purposefully, ensuring businesses can move forward confidently,” Eng added.
