HitPay, one of the fastest-growing payment platforms for SMEs in Southeast Asia, today announced the launch of its Remittance API for Platforms, a turnkey infrastructure solution that enables remittance platforms, non-bank financial institutions, and payroll providers worldwide to send cross-border payouts into key Asian markets through a single API integration.
The new Remittance API extends the local payment infrastructure HitPay has spent years building in the region to the payout side.
Global platforms now gain access to regional corridors, last-mile rails, regulatory coverage, and built-in compliance screening without the need to establish local entities or banking relationships.
Addressing cross-border payout complexity in Asia Pacific
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While the Asia-Pacific B2B cross-border payments market was projected to generate US$90.7 billion in revenue in 2025, platforms continue to operate at an average take rate of just 0.8%, significantly lower than in more mature markets. Operational friction, compliance requirements, and foreign exchange costs still make market entry slow and expensive.
HitPay’s Remittance API addresses these challenges by bundling regional payment corridors, local last-mile payout rails, including KYC and AML/CFT controls, and sender and beneficiary screening into one streamlined solution.
At launch, the infrastructure supports payout corridors into Singapore, the Philippines, Bangladesh, and Malaysia, with additional corridors already on the roadmap.
Remittance flows across Asia and the Pacific reached US$328 billion in 2023, according to the United Nations Development Programme (UNDP). These flows serve as a vital source of household income and economic stability across the region.
The Philippines and Bangladesh rank among the world’s largest remittance-receiving markets, making these high-volume corridors especially important.
Multi-jurisdiction regulatory coverage
Aditya Haripurkar, Co-Founder and CEO of HitPay
The payout infrastructure rests on HitPay’s regulatory footprint across five jurisdictions. The company holds a Major Payment Institution (MPI) licence from the Monetary Authority of Singapore (MAS), an Operator of Payment System (OPS) licence from the Bangko Sentral ng Pilipinas (BSP) in the Philippines, and a merchant acquisition licence from Bank Negara Malaysia (BNM).
HitPay is also registered with AUSTRAC in Australia and as a Money Services Business (MSB) with FinCEN in the United States.
This regulatory coverage allows licensed non-bank financial institutions and technology platforms to use HitPay as their compliance and settlement layer when entering Asia Pacific payout corridors.
HitPay is making this payout infrastructure available to non-bank financial institutions worldwide that hold remittance or payment licences in their home jurisdictions.
The API has been designed specifically for technology platforms that need to embed cross-border payouts into their products, from remittance services and payroll platforms to marketplaces and disbursement tools. These platforms can initiate batch payouts directly from their own applications while HitPay manages settlement, compliance, and last-mile delivery.
“We have spent years building local payment infrastructure across Asia Pacific — understanding the rails, the regulations, and the nuances of each market,” said Aditya Haripurkar, Co-Founder and CEO of HitPay.
“The Remittance API is the natural next step: making that same infrastructure available outbound, so a non-bank financial institution or a global payroll platform can send payouts into the Philippines or Bangladesh through one API — with compliance, screening, and settlement handled end to end,” he added.
Early adoption by hometown by GoZayaan
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Among the first platforms to integrate is ‘Hometown by GoZayaan,’ which supports Bangladeshi migrant workers sending money from Singapore to Bangladesh.
“For migrant workers, sending money home is more than a transaction — it is a lifeline. By utilizing HitPay’s regional payout infrastructure, Hometown by GoZayaan can now ensure funds are transferred from Singapore to Bangladesh faster and more affordably,” said Wafiul Haque, CBO, GoZayaan. “This partnership strengthens our vision to empower Bangladeshi migrants with simpler, safer financial tools, providing the transparency and operational flexibility needed to scale efficiently while maintaining absolute security for users.”
HitPay is also developing virtual account capabilities to provide platforms with a complete pay-in and payout loop. This creates a full cycle: receive funds locally, settle across borders, and disburse into last-mile rails, all through a single platform.
Looking ahead, HitPay plans to expand corridor coverage globally by combining traditional fiat rails with stablecoin infrastructure. This hybrid approach should open corridors into markets where conventional correspondent banking remains slow, expensive, or inaccessible.
“The vision is a platform where any licensed financial institution can collect funds through virtual accounts, settle cross-border using the most efficient rail available — whether fiat or stablecoins — and deliver into local bank accounts and wallets at the destination,” said Haripurkar. “HitPay is building the connective tissue between traditional finance and new infrastructure, with Asia Pacific as its home base.”
With the Remittance API now live, licensed non-bank financial institutions and technology platforms can begin integration immediately and gain access to payout corridors into Singapore, the Philippines, Bangladesh, and Malaysia. To get started, please contact payouts@hit-pay.com.
To learn more about HitPay’s Remittance API, please visit:
https://hitpayapp.com/remittance-api-cross-border-payouts
