India, March 6 -- Just close to two years after launching its operations in Malaysia market, fintech major Razorpay has now expanded into Singapore, marking its second expansion in the South East Asian region.

With this expansion, Razorpay seeks to capitalise on the burgeoning digital payments ecosystem in the country.

The Tiger Global-backed company's cross border transactions, payment gateway and real time financial analytics are already available in Singapore and it will now look to closely work with the financial institutions, banks and regulatory bodies of the country, it said in a statement.

The startup further said that despite wider scope in digital payments, several small and medium enterprises (SMEs) in the country struggle w...