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TMCNet:  Pundi X locates its global headquarters in Singapore

[November 15, 2018]

Pundi X locates its global headquarters in Singapore

SINGAPORE, Nov. 15, 2018 /PRNewswire/ -- Pundi X, a leading developer of blockchain-based technology solutions, today announced Singapore has become its global corporate headquarters.

Pundi X, founded in Jakarta, is expanding its international operations to Singapore in recognition of the country's encouraging stance towards blockchain technology and rising demand for its products.

Pundi X's Singapore HQ will oversee the rollout of its technology, including the world's first blockchain-based point of sales device, the XPOS, and the first mobile phone to employ blockchain-based telephony, the XPhone, to markets in Asia, Europe, Latin America, the Middle East and Africa.

The Pundi X team in Singapore Fintech Festival

Announcing the decision at the Singapore Fintech Festival, company CEO Zac Cheah said: "We've been encouraged by the dynamism of the Singaporean blockchain market. The country's connectedness to the Asian region, talent pool and the early recognition of the economic potential of blockchain industry have cemented our decision".

In addition to the new corporate structure, muc of Pundi X's key executive team will now be based in the new headquarters, including recently-appointed Chief Investment Officer, Vic Tham, a former COO for Transaction Banking, Asia Pacific for Bank of America Merrill Lynch.

Pundi X's international full-time equivalent workforce now exceeds 150 people; the Singapore headquarters will oversee other regional offices in Jakarta, Seoul, São Paulo, Shenzhen, Tokyo, and London.

5,000 Pundi XPOS units have begun shipping last month to international retail clients in Brazil, Colombia, the Netherlands, the United Kingdom, Taiwan and more.

The company has also publicly displayed a prototype of the XPhone, the first mobile telephone to run telephony and messaging on blockchain technology and independently of a central carrier. The phone will be released to consumers in Q2 2019.

About Pundi X

Pundi X is a leading developer of blockchain-powered devices, including the world's first point-of-sales ("POS") solution enabling merchants and consumers to do transactions on the blockchain in the physical stores.

Its POS, the XPOS, has been shipped to markets including in the UK, Switzerland, Korea, Colombia, Taiwan and Brazil; 100,000 of the devices are being targeted for a rollout to the global retail market by 2021.

Headquartered in Singapore its international presence includes offices in London, Jakarta, Sao Paulo, Seoul and Tokyo.

The company is also a member of Singapore Fintech Association, Fintech Association of Hong Kong, ACCESS, and Swiss Finance and Fintech Association.

For more information, please visit https://pundix.com/.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/pundi-x-locates-its-global-headquarters-in-singapore-300751146.html

SOURCE Pundi X


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