HitPay integrates Flagright's payment security tech to enhance compliance and fraud prevention efforts

HitPay, a Singapore-based payments firm, has integrated Flagright’s payment security technologies to enhance compliance for over 15,000 businesses. They will leverage Flagright’s AI-powered technology and no-code platform for fraud prevention efforts.

Flagright, a fellow Y Combinator company, will support HitPay in providing secure payment solutions for SMEs across Southeast Asia. HitPay’s co-founder Aditya Haripurkar highlighted the importance of Flagright’s transaction monitoring and AML compliance solution in protecting customer transactions.

In March, HitPay collaborated with NPCI International Payments Limited to increase UPI acceptance in Singapore, aiming to facilitate QR code-based payments for Indian travelers. HitPay also secured a major payment institution license from MAS in 2024, enabling services like merchant acquisition and money transfers.

The integration of Flagright’s payment security tech by HitPay was reported by Electronic Payments International, a GlobalData owned brand. The information provided is for general informational purposes only, and professional advice should be sought before taking any action based on the content.

Read more at Yahoo Finance: HitPay integrates Flagright’s payment security tech