The problem with selling into an emerging market is rarely demand. It is that the payment method the customer actually uses connects to nothing the merchant has already built. Multiply that across Thailand, Nigeria, Indonesia and the Philippines and the integration backlog becomes the growth constraint.

SPAYZ.io has built its business on collapsing that backlog into a single connection, and it is the basis on which the payment infrastructure provider has been named “Payment Service Provider of the Year” in the FinanceFeeds Awards 2026. One API integration reaches more than 55 payment solutions spanning bank transfers, online banking, eWallets, QR-code payments, mobile payments, payins, payouts and mass-payout infrastructure.

Where the coverage actually sits

The network spans more than 35 countries, with the deepest coverage across Asia, Africa and the Middle East — the regions where card networks alone leave the widest gaps.

In Southeast Asia that means PromptPay QR in Thailand, FPX, DuitNow and GrabPay in Malaysia, QRIS in Indonesia, and eWallets such as Touch ‘n Go and DANA/OVO. Vietnam, the Philippines, South Korea, India, Pakistan, Mongolia and Bangladesh are also supported.

Across Africa, coverage runs through Nigeria, Ghana, Kenya, Cameroon, Congo, South Africa, Tanzania and Zambia, where mobile money and local bank transfers carry far more volume than international cards. The wider footprint extends into the Middle East, including the UAE.

The platform reports handling more than 20 million transactions annually, weighted towards merchants with complex requirements — forex, iGaming, cryptocurrency and other sectors that often meet resistance from traditional banking and processing infrastructure.

The agent layer most gateways do not have

What separates SPAYZ.io from a conventional gateway is the P2P Agent Dashboard, a SaaS layer for merchants running networks of local payment agents and service providers. Rather than managing agent activity through fragmented manual processes, merchants distribute, control and monitor transactions from one interface covering balances, commissions, settlements, payouts and reporting, with access permissions set per team member.

That matters because expansion generates operational complexity long before it generates volume: currencies, providers, payout schedules and settlement arrangements all multiply while financial reporting and risk controls have to stay consistent. Consolidating collection, payout and mass-payout capability into one infrastructure is what keeps that manageable.

Settlement in fiat or digital assets

SPAYZ.io supports settlement involving digital assets including USDT and Bitcoin alongside conventional fiat currencies — relevant for merchants managing treasury across markets where traditional cross-border banking is slower or harder to access.

The security framework combines encryption, transaction risk controls, anti-money-laundering processes and customer and business verification, with the company citing PCI DSS compliance and standards including RSA and AES encryption, TLS and 3-D Secure.

Licensing and base

The brand is registered with Canada’s Financial Transactions and Reports Analysis Centre, FINTRAC, as a Money Services Business. Under that registration the entity can sign contracts, provide currency exchange and transfer money, with rapid bank and payment-system integration supported alongside KYC, KYB and monitoring obligations. The company also maintains a substantial commercial presence in Cyprus, now an important operational base for its client-facing team.

Why it won

“Businesses expanding across Africa, Asia and the Middle East need more than a standard payment gateway,” said Tatjana Meluskane, Chief Commercial Officer at SPAYZ.io. “They need access to local payment methods, reliable payouts and infrastructure that can adapt as they enter new markets. Our goal at SPAYZ.io is to give them that flexibility through one integrated platform.”

“Payments should enable growth rather than become an obstacle to it,” said FinanceFeeds Editor-in-Chief Nikolai Isayev. “SPAYZ.io stood out because its proposition addresses the difficult part of international payments: making fragmented local infrastructure manageable at scale. Its combination of regional payment access, payout capabilities and centralised agent management gives merchants a workable route into markets that can otherwise be operationally demanding.”

Frequently asked questions

How many integrations does a merchant need?

One. A single API connection provides access to more than 55 payment solutions across the supported markets.

Which regions are covered most deeply?

Asia, Africa and the Middle East, across a network spanning more than 35 countries.

What is the P2P Agent Dashboard for?

Merchants working with local payment agents use it to distribute, monitor and control transactions, balances, commissions, settlements and payouts from one interface.

Karthik Subramanian

Karthik Subramanian is a founder, writer, and technology consultant with nine years in the crypto ecosystem. He covers token economics, L1/L2 infrastructure, DeFi protocols, wallets/custody, and the bridge between crypto and forex—broker technology, liquidity, and macro drivers. Karthik’s writing focuses on clear, practical frameworks that help professionals evaluate new products and on-chain innovation alongside FX market realities.