Online VAR eXpansys is looking to set up camp in nine new territories after it opened bidding for licenses to trade.

The sites include India, Russia, Brazil, South Africa, The United Arab Emirates, Malaysia, The Philippines, Thailand, and Indonesia, which would boost the number of operational eXpansys sites to 45.

The bidding process will run until the end of September with the new sites anticipated to be operational before the end of the year.

Roger Butterworth chief executive of eXpansys, said: “We have enjoyed huge growth through international expansion over the last seven years and I look forward to seeing it continue with new partners in the coming years.”