Digio (Thailand) Co. Ltd.

Digio (Thailand) Co. Ltd. specializes in providing advanced payment solutions via its DigiPAY platform, facilitating seamless transaction processing for banks and merchants throughout Southeast Asia. Founded in 2012 and headquartered in Bangkok, Thailand, Digio focuses on payment solutions through its DigiPAY platform.

The company has raised USD 4. 00 mn in its Series B funding round on May 12, 2020, with investments from Beacon Venture Capital and Processing Center Company. Patrick Eckel serves as the CEO of the company, which has completed 2 significant deals. Digio Thailand offers a comprehensive suite of payment solutions primarily through its DigiPAY platform, designed to facilitate the integration of multiple payment methods for acquiring banks.

The platform processes a wide range of transactions, including credit and debit card payments and digital wallets such as Alipay, WeChatPay, and local services like PromptPay and QRCS. This unified payment gateway enhances merchant transaction efficiency and increases business volume for banks by providing secure and compliant end-to-end payment solutions, featuring advanced security measures like EMV Level 3 support and biometric authentication. The DigiPAY system is tailored for retail clients, enabling them to accept payments through mobile point-of-sale (mPOS) devices and smart terminals on smartphones and tablets. Digio's solutions are strategically positioned in markets across Southeast Asia, catering to businesses and financial institutions seeking to streamline their payment processes.

In 2022, Digio Thailand reported a revenue of USD 9,387,355. 60, with an EBITDA of USD 800,793. 80. The revenue model is anchored in the DigiPAY platform, generating income primarily through transaction fees for payment processing services, where acquiring banks pay for the integration and functionality provided by the system.

Retailers and corporate entities benefit from a unified approach to diverse payment methods, and the company may also offer subscription-based services for advanced features of their e-wallet and merchant applications, structured to meet varying merchant needs. Digio plans to leverage its recent Series B funding of USD 4. 00 mn raised in May 2020 to enhance its product offerings and expand into new markets. The company aims to launch additional features on its DigiPAY platform to improve user experience, although specific release dates have not been disclosed.

As part of its growth strategy, Digio is targeting further penetration into Southeast Asian markets, with a focus on increasing its presence in countries like Malaysia and Vietnam by the end of 2023.