Obita, a Hong Kong-based enterprise-level cross-border payments and digital financial network, has signed a MoU with YY Group, a Singapore-headquartered global workforce solutions and integrated facility management (IFM) provider.
Under the agreement, YY Group will integrate Obita’s stablecoin-based payment infrastructure into its workforce platforms and corporate operations, supporting receivables, payables and treasury management.
Obita stated that its infrastructure is designed to streamline cross-border settlements while maintaining regulatory compliance and security.
The platform includes enterprise-level controls such as role-based approvals and real-time transaction monitoring.
Both companies said the collaboration aims to improve financial access for gig workers, particularly in emerging markets.
“YY Group represents exactly the type of large-scale, real-world ecosystem where compliant stablecoin infrastructure can deliver immediate impact,”
said Dayong Zhang, Co-founder and Chief Executive Officer of Obita.
“Our collaboration highlights how technology and regulation can work hand in hand to make cross-border payouts efficient, secure and inclusive.”
According to the companies, the integration will allow YY Group to manage cross-border capital flows more efficiently, including intra-group financing and loan repayments.
For platform users such as international students and gig workers, Obita’s technology will provide faster and lower-cost payouts, as well as the option to hold savings in fiat-backed stablecoins to mitigate currency volatility.
Mike Fu, Group Chief Executive Officer of YY Group, said:
“Partnering with Obita enables us to optimise enterprise costs while delivering faster, more transparent, lower-cost settlement options to the hundreds of thousands of workers and clients we support worldwide. This positions YY Group to scale more efficiently, strengthen our margins and accelerate our global expansion initiatives.”
The partnership was announced at the PayFi Summit during TOKEN2049 Singapore, where senior leaders from both companies discussed the role of compliant stablecoin infrastructure in improving cross-border payments and supporting financial inclusion for gig workers.
Featured image credit: Obita
This article first appeared on Fintech News Singapore
