Payment24 recently participated in the ReFuel Forum APAC & ANZ, held in Kuala Lumpur, Malaysia. This prestigious event served as a hub for exploring the latest trends and developments within the fuel and convenience store sectors in the Asia-Pacific (APAC) and Australia-New Zealand (ANZ) regions. 

Networking and Innovation at ReFuel Forum

ReFuel Forum APAC & ANZ brought together industry leaders and international suppliers for two days of intensive networking and knowledge-sharing. The event’s streamlined meeting format enabled participants to quickly learn about and discuss the latest retail technologies and business solutions. This format was particularly beneficial for Payment24, allowing the company to effectively present its innovative fleet, loyalty, and CloudSwitch solutions.

Showcasing the Value of Payment24

Payment24 used the forum to highlight to interested parties the capabilities and benefits of its Payment24 platform. This included detailed discussions on how fleet management solutions can enhance operational efficiency, how their loyalty programs can drive customer retention, and how the integrated payments processing platform CloudSwitch can streamline payment processes. The company’s presence at the event underscored its commitment to driving technological advancements in the fuel and convenience store industry.

The Growing APAC Market

The APAC market continues to exhibit significant growth, although it remains in a developmental stage compared to more mature markets. According to a report by Dataintelo, the global retail fuel market is expected to grow from USD 1,023.5 billion in 2022 to USD 1,858.9 billion by 2030, driven largely by the increasing demand for fuel in the Asia-Pacific region. Additionally, the food and grocery retail market in APAC is forecast to grow at a CAGR of 6.7% from 2020 to 2025, highlighting the region’s rapid economic expansion and increasing consumer spending. This growth trajectory presents immense opportunities for companies like Payment24 to expand their footprint and offer innovative payment, loyalty, and transactional solutions tailored to the unique needs of this evolving market.

A Bright Future Ahead

According to Shadab Rahil and Nolan Daniel, joint CEOs of Payment24: “Participation in events like ReFuel Forum APAC & ANZ enables Payment24 to stay at the forefront of industry trends, foster meaningful connections with key stakeholders, and continually refine its offerings to better serve the dynamic APAC market. As the region’s fuel and convenience store sectors continue to grow and mature, Payment24 is well-positioned to support this development with our innovative technologies and solutions.”

By engaging with industry peers and showcasing its latest innovations, Payment24 reinforced its position as a leader in the industry and gained invaluable insights into the future direction of the market. The ReFuel Forum APAC & ANZ was a testament to the vibrant and ever-evolving nature of the fuel and convenience store sectors in the APAC region, and Payment24’s active participation ensured it remains a key player in this dynamic landscape.

Looking ahead the team will soon be ReFuel Forum UK 2024 from 12-13 June and ReFuel Forum Europe 2024 from 25-26 June.