MSTS Expands Global Footprint in Central America and Asia Pacific
MSTS Opens Offices in Costa Rica and Singapore to Support Growing Regional Business
OVERLAND PARK, Kansas – December 14, 2018 – MSTS, a global B2B payment and credit solutions provider, announced the company is expanding its global footprint by opening offices in Costa Rica and Singapore. The expansion comes on the heels of new business opportunities for global B2B commerce and increasing interest in MSTS’ Credit as a Service® solution worldwide.
MSTS has more than 40 years of experience in providing payment and credit management solutions to manufacturing, transportation, retail and ecommerce companies around the world.
“As the globalization of businesses accelerates, our Credit as a Service offering which empowers companies with robust payment and credit solutions, sophisticated managed services and smart integrations, is helping drive worldwide B2B commerce,” said Brandon Spear, President of MSTS. “By opening the new offices in Costa Rica and Singapore, we can better meet demand from regional markets as well as support in-country and regional compliance and risk management efforts.”
The new Costa Rica office is located in San Jose. It is home to the compliance team of a new MSTS subsidiary, responsible for licensing and regulatory requirements to support MSTS’ customers in Costa Rica and other Latin American Countries. In addition, as MSTS expands its regulated products and services, the compliance team will support these initiatives as well. The location in Costa Rica was chosen primarily because of the pool of qualified candidates in the area that are seeking progressive and challenging career opportunities. The team will be led by Tim Richey, Chief Compliance Officer.
The expansion does not stop there. MSTS will also be opening a Singapore office that will be shared with the MSTS parent company, World Fuel Services. This office will act as a hub for MSTS business development and sales in the Asia Pacific (APAC) region. It will also allow MSTS to develop synergies with existing customers and explore new markets. This office will be led by Piers Gorman, Vice President of Business Development.
MSTS is a financial technology company, working globally with B2B companies across transportation, manufacturing, retail and eCommerce. MSTS’ Credit as a Service solution accelerates business commerce by streamlining payments and A/R processes. On behalf of its clients MSTS processes $5 billion in transactions a year and collects $370 million each month. MSTS, a wholly-owned subsidiary of World Fuel Services Corporation, has 40 years of experience underwriting businesses for credit and facilitates transactions for its customers in over 190 countries and territories. For information, visit www.msts.com.
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