Country for PR: Hong Kong
Contributor: PR Newswire Asia (Hong Kong)
Wednesday, June 15 2022 - 11:00
AsiaNet
Episode Six announces a double first with Galaxy FinX
SINGAPORE, June 16, 2022 /PRNewswire-AsiaNet/ --

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
Translations

Japanese