Runa announced that its payout network was live in Singapore in October 2023, taking the number of supported countries to 30. The launch added 121 local payout options and currency conversion to and from Singapore dollars within the Runa platform.
The local merchant examples included Grab, 7-Eleven, Best Denki, Foodpanda, IKEA, Paris Baguette, Qoo10, Zalora and Tada. Runa said its broader network contained more than 2,500 payout options at that time; the total covered the international network rather than Singapore alone.
The provider positioned the offering around rewards and incentives sent within Singapore or across borders. It also identified potential uses in gig-economy payments, disbursements, rebates, loyalty and cryptocurrency cash-out platforms.
Runa described Singapore as a market with active participation in digital services and loyalty programmes. The practical launch combined local payout choices with platform-based currency conversion for businesses serving recipients in the country.
The announcement also invited gift card and other payout providers to join the Runa Network. Its focus was the expansion of Runa's distribution and payout service, with local merchants supplying the options offered to recipients.