Ascend Money, Southeast Asia's leading fintech firm, facilitated total payment volume of US$5 billion (166 billion baht) across Southeast Asia in 2017, delivering 400% growth compared with 2016.
Ascend Money, which operates the consumer-facing TrueMoney brand across six countries, served 21.1 million customers last year.
Thailand was the biggest contributor to Ascend Money's payment volume, accounting for almost 50% of the total.
Other markets also saw significant growth, recording 460% in payment volumes. Within Cambodia, Ascend Money transacted a sum worth 10% of the country's GDP.
President Tanyapong Thamavaranukupt said in Thailand the company operates TrueMoney Wallet, offering services ranging from mobile top-up, digital content, peer-to-peer offerings and retail payments.
Ascend Money's active user base has grown by four times in the last 12 months.
Mr Tanyapong said Southeast Asia has a high percentage of unbanked people, ranging from 50% to 80%, adding the best way to provide services to the them is through this hybrid platform.
"Our business model enables us to serve not only digital consumers who are mostly concentrated in big cities, but also the underbanked people in second and third tier cities that represent the majority of the population," he said.
Ascend Money has a network of more than 60,000 agents across Southeast Asia and partners with major banks and local businesses.
The company operates in six countries: Thailand, Indonesia, the Philippines, Vietnam, Myanmar and Cambodia.
"Workers can be paid via their mobile wallets and then easily send money home to their families upcountry or even in other countries, helping to improve the lives of their loved ones," he said.