SkyTeam Xendit Grows in Southeast Asia
Everyone has that friend that swears to pay you back after borrowing money, but always seems to forget. Luckily, SkyTeam Xendit is in the process of saving Southeast Asian citizens from this burden with their mobile app that initiates instant peer-to-peer exchanges. This week, TechCrunch recognized Xendit for the footprint they have left on the Southeast Asian society since the launching of their product.
Why focus on Southeast Asian countries? Xendit has had an incredible success rate in Southeast Asia, primarily because of the large penetration of technology in the region. The team aims to bridge the gap between the 120 percent penetration for phones and the 3 percent penetration for credit cards.
Xendit has witnessed exponential growth in the short few months their service has been available, with 13,000 current users. The team must battle the strong cash culture in the area in order to convince users that their seamless method of performing transactions is the best.
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