Global payment and treasury management platform SUNRATE has relocated its Kuala Lumpur operations to a larger office at Menara Binjai, as the Singapore-headquartered company deepens its presence in one of Southeast Asia’s fastest-growing fintech markets.
The expanded space will house teams across operations, customer experience, product development and regional business support, and forms part of SUNRATE’s broader network of offices spanning Hong Kong SAR, Jakarta, London and Shanghai. The company, founded in 2016, operates in more than 190 countries and holds principal membership with Mastercard, Visa and UPI.
The move comes as Malaysia’s fintech sector accelerates. The country’s fintech market was valued at $10.40 billion in 2025 and is projected to reach $25.41 billion by 2031, growing at a CAGR of 16.05%. Digital payments account for the largest share of that market at 50.72%, with business users expected to post the highest growth rate of any segment at 22.55% annually through 2031 — a dynamic directly relevant to SUNRATE’s cross-border payments focus.
Malaysia has also positioned itself as a regional infrastructure leader, becoming the first ASEAN country to offer 24/7 interbank fund transfers and settlements through RENTAS+, while the George Town Accord 2025 cemented its role in building next-generation payment rails for the region. The number of active fintech firms in Malaysia reached 360 in 2025, up from 289 the previous year, with payments remaining the largest category at 81 companies.
Kuala Lumpur specifically remains the country’s primary fintech hub. The city serves as Malaysia’s financial centre, offering extensive infrastructure, a concentration of technology firms, and supportive government policy that has made it an increasingly attractive base for international payments companies seeking regional operational depth.
For SUNRATE, the Kuala Lumpur office supports global operations alongside its Asia, Europe and broader international teams. The company partners with institutions including Citibank, Standard Chartered, Barclays and J.P. Morgan, and positions its platform as enabling businesses to manage cross-border payments and treasury operations from a single integration point.
Country Manager Tey Jing Ying said the expansion was aimed at building operational capability and contributing to Malaysia’s fintech ecosystem, while Group CEO Paul Meng described the office as a reflection of long-term regional investment.
Malaysia’s government has set a target for the digital economy to contribute 25.5% of GDP, backed by MYR 163.6 billion in approved digital investments in 2024 — a policy environment that continues to attract fintech firms looking to establish or expand their Southeast Asian operations.
