Tribe Payments, a UK-based digital payments provider, and Finmo, a Singapore fintech, have joined forces to expand their card issuing and acquiring services across APAC and European markets. The partnership was announced amidst rapid regional growth.

Both organizations are known for their robust payment infrastructure and rapid market expansion. Tribe supports global payment schemes, while Finmo holds a Major Payment Institution license to navigate APAC’s regulatory landscape efficiently.

The alliance enhances cross-border financial solutions but does not impact cryptocurrency assets. Industry experts see this as a strategic move to improve fiat payment rails between these regions, offering more robust infrastructure to institutional clients.

The partnership, which strengthens global fintech integrations, does not currently involve blockchain assets. It leverages existing global card networks like Visa and Mastercard. Similar historical partnerships have accelerated market access but with limited crypto implications.

“Like Tribe, we have grown rapidly in a short space of time in our own region, and the time has come to make a more concerted effort to spread our wings further. Tribe will enable us to offer card issuing and acquiring solutions to APAC and European markets, whilst we will swiftly enable Tribe to serve new clients, increasing their APAC footprint. It’s a hugely exciting moment for both companies.” – David Hanna, CEO, Finmo, Crowdfund Insider

Comparable alliances, such as Stripe’s expansion, illustrate fintechs’ strategy in pursuing regional growth without directly engaging with crypto markets. Such moves historically bolster fiat infrastructure but keep distance from blockchain-based solutions.

Experts from Kanalcoin highlight that while the partnership boosts market reach and infrastructure capability, the absence of direct crypto involvement suggests a focused emphasis on traditional payment systems over decentralized technologies.