Payments services provider Allied Wallet has set up a new office in the Thai capital of Bangkok.

The expansion is said to be in response to the region’s increasing demand for online payment services.

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Commenting on the expansion, Allied Wallet CEO Andy Khawaja said: “We are excited and eager to open this new office in Bangkok to support Southeast Asian e-commerce.”

“By connecting users and providing support for more payment options, we plan to increase the connectivity between businesses and consumers in the region.”

The new office is aimed at driving the growth of e-commerce growth in Thailand and enabling regional businesses to accept payment options including PAYSBUY and 123 that are cash-based bank transfer type payment options as well as TrueMoney and Easy2Pay that are e-wallet type payment options.

In this context, Allied Wallet cited export.gov data that ranks Thailand as the second largest e-commerce market in Southeast Asia.

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“The value of Thai e-commerce grew 14% in 2018, reaching $102.13 million, and growth is expected to hit 20% this year,” export.gov noted.

Developments at Allied Wallet

The payments firm was recently in the limelight for its acquisition of Hong Kong-based fintech firm Epayment.

Notably, last month, Allied Wallet Africa integrated with J2Store, 3dcart, PrestaShop, as well as X-Cart in order to strengthen its e-commerce capabilities.