Checkout.com Reports 71% APAC Payment Volume Growth as It Doubles Down on Region
Checkout.com has reported a 71% year-over-year increase in total payment volume (TPV) across the Asia-Pacific region, capping a third consecutive year of more than 50% net revenue growth in APAC and underlining the digital payments company's intent to entrench itself as the processor of choice for the region's largest enterprise merchants.
The figures were unveiled by Brian Sze, General Manager of APAC at Checkout.com, at Thrive Hong Kong, the company's regional merchant summit held on 31 March. According to Sze, the growth has been driven by two reinforcing trends: existing customers consolidating more of their global processing onto Checkout.com's platform, and a steady stream of new APAC-headquartered merchants choosing the company to support international expansion.
Enterprise merchant roster
The roster of APAC enterprise merchants now using Checkout.com globally reads like a who's who of the region's digital economy. Alibaba, Trip.com, Temu, SHEIN, JD, Heytea and NetEase are among the brands processing payments through the platform, spanning marketplaces, digital goods, travel, food and beverage and gaming.
Marketplaces and travel in particular have been standout verticals over the past 12 months, reflecting the broader recovery of cross-border consumer spending across Asia and the continued offshore push of Chinese commerce platforms.
Boots on the ground across five hubs
To service the expanding book of business, Checkout.com is growing its regional headcount across Singapore, Hong Kong, Shanghai, Tokyo and Sydney. The hiring push covers commercial, operations and product engineering roles, with the company looking to localise more of its product development closer to the merchants it serves.
"Our growth across APAC comes down to three things: adapting quickly to a changing market, staying close to what our customers need, and continuing to invest in our technology and our people," said Sze. "We're giving merchants the infrastructure, expertise and local support they need to grow with confidence."
Sitting on top of a profitable global business
The APAC momentum lands on top of a notably stronger global picture. Checkout.com recently returned to full-year EBITDA profitability and posted a 30% rise in global net revenue, having processed more than $300 billion of e-commerce volume in 2025 for customers including Uber, Spotify, eBay, Temu, Pinterest, HelloFresh, ASOS and Vinted.
That combination - profitability at the group level and outsized growth in APAC - puts the company in a relatively rare position among large independent payment processors, many of which are still working to balance growth with sustainable economics.
Building for agentic commerce
Looking ahead, Checkout.com is positioning itself for what it describes as agentic commerce, where AI agents transact on behalf of consumers. The company says it is working with partners across protocols, card schemes and AI platforms to build a connective layer that lets merchants plug into a single ecosystem. Checkout.com supports the Agentic Commerce Protocol backed by OpenAI, Google's Universal Commerce Protocol, Visa Intelligent Commerce and Mastercard's Agentpay framework.
"While agentic commerce is still in its early stages, we're seeing real demand across APAC," Sze added. "But merchants need to have the right infrastructure, expertise and network to operate in this new environment."
For now, the headline is a simple one. APAC is no longer an emerging growth story for Checkout.com - it is a core engine of the business, and one the company appears determined to keep feeding.
