PR96432

SINGAPORE, June 16, 2022 /PRNewswire=KYODO JBN/ --

As virtual banking expands in Southeast Asia, Episode Six strikes a new deal to

help build critical digital infrastructure in Vietnam.

Episode Six(https://episodesix.com/en/us/), a leading global payment and

banking infrastructure provider, today announced a new relationship with Galaxy

FinX, Vietnam's newest fintech builder that is re-shaping the future of money

and banking in the country. The deal represents two firsts for Episode Six: a

partnership in Vietnam as well as with a pure-play virtual-bank builder in

Southeast Asia region.

Galaxy FinX selected Episode Six to provide modern cloud-based card and payment

processing, which includes consumer credit- and debit-card services as well as

connections to Vietnam's domestic financial switch services. Just as Episode

Six's Tritium platform helps traditional banks innovate and offer digital

solutions, it is also purpose-built to deliver key capabilities to virtual and

digital banks. Tritium offers a multi-asset class digital wallet management

system that can open gateways to card scheme processing and transfers across

bank networks, including ATMs and Point of Sale (POS) devices.

"Episode Six is proud to be working with Galaxy FinX, which is our first

partnership in Vietnam and our first with an entirely virtual-bank builder in

Southeast Asia," said John Mitchell, CEO and Co-Founder of Episode Six. "There

is tremendous growth potential for digital-only banking in Vietnam and across

Southeast Asia, where millions of consumers and small businesses remain

unbanked or underbanked. Our technology is ideally suited to helping pioneers

like Galaxy FinX design and deliver products that meet the needs of

digitally-native customers in Vietnam and beyond."

As a virtual-bank builder, Galaxy FinX will offer financial-service products,

such as savings, lending, payments and insurance, digitally to Vietnam's

growing consumer base. Episode Six will provide a market-tested backbone for

Galaxy FinX's card services, allowing the new company to process payments and

configure products to adapt to changing market conditions. Partnering with

Episode Six also gives Galaxy FinX the flexibility to grow its business and

focus on customers and evolving market dynamics rather than on underlying tech

developments.

"Episode Six has a proven track record of its payments technology globally and

in Asia-Pacific. Vietnam is growing to become a digital economy and Episode

Six's modern cloud-based card and payment processing platform will enable us to

develop better digital propositions to serve the needs of the local market and

our customers," said Marcin Miller, CEO of Galaxy FinX. "We look forward to

exploring opportunities with Episode Six as we continue to expand our products

and services in Vietnam and across other markets in Southeast Asia in the

future."

Within this decade, the ongoing and worldwide shift from physical to digital

represents hundreds of billions of dollars of value in the banking industry

alone. Asia's emerging economies are at the cutting edge of these trends;

Singapore as an advanced economy is already innovating in the space but look

for even greater acceleration in neighbouring Malaysia, Thailand, and Indonesia

as well as Vietnam. Digitalization is rapidly transforming the payments

landscape for businesses and consumers. Research from IDC predicts that by

2030, 80% of global consumer payments will transact on mobile and connected

devices and will not be processed by traditional institutions. Episode Six is a

provider of the payment rails that make this transition possible.

Vietnam is especially ripe for change because cloud- and mobile-based banking

is quickly becoming a standard in the country, where large sections of the

population have lacked access to traditional checking or savings bank accounts

historically. According to data from Merchant

Machine(https://www.gfmag.com/global-data/economic-data/worlds-most-unbanked-cou

ntries), Vietnam is the world's second-most unbanked nation. Together, Episode

Six and Galaxy FinX will help change that dynamic.

Episode Six's Tritium platform provides a comprehensive set of more than 550

APIs that facilitate innovation and customization for its clients. Its natively

global solution handles different languages, currencies and country-specific

regulatory requirements, and is adaptable for cloud or on-premise hosting

options for real-time transfer across multiple asset classes, including fiat

currencies, and other value storages, such as loyalty and reward points.

About Episode Six

Episode Six is a payments technology company that gives banks, fintechs and

brands the freedom to design and bring leading digital payment propositions to

market with unmatched speed. From issuer processing to digital wallet – across

deposits, credit, savings, and loyalty rewards – and account management, we

power clients' payments journeys with the most flexible and adaptable platform

on the market today, providing highly configurable products with user-driven

tools and technology to stay ahead of, and respond to, customer demand and

market shifts. Episode Six's platform is purpose-built to transfer value of any

kind – fiat currency, brand value points, gold, and more. Episode Six operates

globally across 25 countries with an expanding team located in the U.S.,

Europe, Japan, Singapore, Hong Kong SAR, and Australia. Investors include HSBC,

Mastercard, SBI Investment Co., Ltd. and Anthos Capital. For more information,

visit www.EpisodeSix.com or LinkedIn(https://pr.report/yBJz76cU).

Source: Episode Six