Partners2025-10-22

UQPAY Group Announces USD 10 million Strategic Investment in StraitsX, Joining Forces to Revolutionize Cross-Border Payments

UQPAY Group has completed a strategic equity investment of USD 10 million in StraitsX, which holds Major Payment Institution (MPI) licences issued by the Monetary Authority of Singapore (MAS) and issues the XSGD and XUSD stablecoins([1]). This equity investment marks an enhanced synergy between the two Singapore-headquartered fintech groups. Moving forward, UQPAY Group and StraitsX will jointly build a more efficient, innovative, and compliant cross-border payment ecosystem with the use of stablecoins.

Stablecoins: A New Engine Reshaping Cross-Border Payments

Amid the rapid development of global digital finance, stablecoins have become a key driver in cross-border payments, particularly in B2B transactions. Compared to traditional payment processes, stablecoins offer competitive advantages such as low cost, instant settlement, transparency, traceability, and programmable conditional payments, all of which empowers cross-border e-commerce, supply chain finance, and global corporate settlements. The stablecoin represents not just a technological marvel, but a disruptive innovation revolutionising the traditional cross-border payment landscape.

Compliance: The Foundation for Stablecoin‘s Scalable Growth

As stablecoins are gradually integrated into the mainstream financial ecosystem, compliance and regulation have become the determining factors for achieving large-scale adoption. Stablecoins that are in lack of regulatory backing face a multitude of risks relating to fund security and money laundering. However, under transparent, compliant, and orderly regulatory frameworks, stablecoins can fully unleash their potential and become a reliable vehicle for value transfer in cross-border payments.

In this regard, StraitsX stands at the forefront of the industry. Under its MPI licences, StraitsX has issued XSGD and XUSD, which are fiat-pegged Singapore Dollars and US Dollars stablecoins respectively. With its rigorous compliance framework and digital asset infrastructure designed to support multiple fiat-pegged stablecoins, StraitsX provides enterprises with reliable stablecoin solutions, thereby setting a benchmark for the industry and laying a solid foundation for mainstream financial and cross-border payment applications. Its licensed operations also highlight Singapore’s leading position in the global regulatory framework for stablecoins.

An Unrivalled Alliance: Two Fintech Pioneers in the Asia-Pacific Region Joining Forces

Regarding this equity partnership, Jack Li, CEO of UQPAY Group stated:

“We’re excited to have this opportunity to partner with StraitsX in powering next-generation payment solutions that bridge decentralized finance and traditional finance. With both parties’ growing footprints across Asian markets, we see strong alignment with UQPAY's vision in creating seamless, compliant and borderless payment experiences. Through our partnership, we seek not only to inject financial support and momentum into our partner StraitsX, but also to further extend UQPAY’s capability boundaries to create greater value and opportunities for our clients and partners. Together, we’re enabling more users to access digital assets through familiar, real-world financial tools and building a fintech ecosystem of collaborative innovation and shared value.”

Tianwei Liu, CEO & Co-Founder of StraitsX commented:

“UQPAY has established strong capabilities in cross-border payment solutions, particularly in card issuance and related infrastructure. We look forward to deepening our collaboration in this area to expand the real-world applications of stablecoins. By aligning our respective strengths, this partnership supports our shared goal of advancing accessible, regulated, and innovative digital payment experiences.” This partnership not only represents the complimentary synergy for both parties’ resources and capabilities, but also demonstrates the joint efforts to lay out the path for the global digital finance arena. UQPAY Group will fully lend its extensive experience and technological expertise in global payment networks and cross-border solutions, while StraitsX provides its advantages in technology and compliance learnings for stablecoins. Together, the two parties can steer the materialization of applications for stablecoins in B2B cross-border payments, international settlements, and digital financial services contributing to upgrades and innovations in the cross-border payments ecosystem.

Outlook: Continued Capital Investments to Empower Industry Innovation

Moving forward, UQPAY Group will accelerate strategic investments across relevant segments in payment industry to propel deeper fusion of capital markets and industrial resources while injecting more momentum for innovations into the fintech industry to help the industry achieve new heights.

ABOUT StraitsX

StraitsX is the stablecoin-native settlement layer driving global finance, and a Major Payment Institution licensed by the Monetary Authority of Singapore. As the issuer of XUSD and XSGD stablecoins, StraitsX leverages the power of blockchain and stablecoin technology to drive payments interoperability while offering innovative tools for fund management, stablecoin integration, and cross-border transactions. Partnering with leading financial institutions, global liquidity providers, and payment technology partners, StraitsX delivers cutting-edge payment solutions in a highly regulated and reliable environment, bridging the gap between traditional finance and the digital economy. StraitsX is part of Fazz Financial Group, a leading ecosystem of financial services in Southeast Asia.

ABOUT UQPAY

UQPAY Group is a Singapore-headquartered global fintech group with businesses spanning comprehensive digital payments, Payment Software-as-a-Service (Payment SaaS), and fintech venture investments. As a leading provider of integrated digital payment solutions, UQPAY has earned the trust of more than 10,000 enterprise clients worldwide. The company offers one-stop, seamlessly integrated payment services, including aggregated acquiring, virtual banking solutions, and corporate card issuance, and UQPAY's business networks cover over 200 countries and regions. Since its establishment in 2016, UQPAY has been dedicated to continuous innovation in digital payment technologies and compliant operations. The Group has accumulated dozens of intellectual property rights and technology patents, and has obtained multiple financial and payment licenses across Asia, North America, and Europe. UQPAY is also a principal member of the world’s three major card schemes — Visa, Mastercard, and UnionPay International. Looking ahead, UQPAY will continue to expand its global footprint and diversify its financial payment ecosystem. Driven by technological innovation, the Group is committed to enhancing the security and efficiency of payments, building a smarter, more open, and interconnected global payment era.

UQPAY Group Announces USD 10 million Strategic Investment in StraitsX, Joining Forces to Revolutionize Cross-Border Payments

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