Founded in 2014 in Singapore, Aleta Planet is a payments processor focused on merchants doing business with China. Aleta Planet specializes in cross-border, multi-currency transactions with China through UnionPay International and WeChat Pay. They also cover Australia, Malaysia, the Philippines, and other Asian countries. In 2021, Aleta Planet established offices in Europe.
Aleta Planet was founded in 2014 by former banker Ryan Gwee and Aloysius Lee. The operating entity Aleta Planet MES Pte Ltd is licensed by the Monetary Authority of Singapore (MAS) as a Major Payment Institution and has offices in Hong Kong, Dubai, Australia, and Malaysia.
The success of its card network-agnostic platform has also garnered it the operating licenses from other card networks such as JCB, Discover, Diners Club, Visa, and MasterCard, and it is PayNow enabled.
Furthermore, Aleta Planet’s broad network enables individuals and businesses to deposit local currencies from 35 countries or remit funds to 141 countries. With this comprehensive offering, Aleta Planet seeks to accelerate networks beyond China to the rest of the world.