KPay, a fintech company, has officially launched its operations in Australia. The company aims to provide unified payment solutions to Australian businesses, with a particular focus on SMEs. KPay's platform offers features such as same-day settlements, 24/7 multilingual support, and a dedicated 'Merchant Success Team'.

The Australian payments market is projected to grow significantly, from AUD $1.23 trillion in 2024 to AUD $2.04 trillion by 2033. KPay's entry into this market is marked by a substantial financial backing, having raised USD $55 million (approximately AUD $83.77 million) in a Series A funding round. This funding round is noted as the largest globally in the payments sector for 2024.

KPay serves over 72,000 merchants across the Asia-Pacific region, including countries such as Hong Kong, Japan, and Singapore. The company's expansion to Australia marks its first move beyond the Asian market. KPay has been recognized as 'PayTech of the Year' at the 2025 Asia FinTech Awards and is listed on Forbes Asia's '100 to Watch 2025'.

"We are thrilled to serve Australia's vibrant merchant community. Australia marks our first expansion beyond Asia, and we are dedicated to setting new standards and laying the foundation for our global growth," said Davis Chan, Co-Founder and CEO of KPay.

The company aims to support SMEs in Australia by providing cost-effective and efficient financial management solutions. KPay's product offerings include pay-in, pay-out, and value-added business solutions to streamline operations for merchants.

Matt Cross MP, Member of the NSW Parliament, commented on KPay's expansion: "Small and medium-sized enterprises are the backbone of our local communities. They drive economic opportunity, jobs and growth. They are too big to ignore, but they too face cost-of-living challenges. KPay's arrival in Australia is a positive and innovative step in empowering our SMEs. Congratulations on this significant milestone, and I look forward to seeing KPay's impact on Australia's fintech future."

The Hon. Dr. Helen Wai-Har Sham-Ho OAM, former New South Wales Legislative Council member said, "It's encouraging to see organisations with roots in a global hub like Hong Kong recognising these challenges that Aussie businesses face. Hong Kong understands the dynamics of digital transformation, the need for efficiency, and the power of connection. When that understanding is brought to Australia with a mission to support our local SMEs, to empower them with the tools for modern commerce, it's a partnership that deserves our attention."