YY Group Holding Limited, a global workforce solutions provider, has announced a partnership with Singapore-based Obita to integrate stablecoin payment infrastructure into its operations. This collaboration aims to streamline cross-border payments and enhance financial inclusion for gig workers worldwide.
The partnership will see YY Group incorporate Obita’s enterprise-grade stablecoin infrastructure into its global platforms, facilitating efficient and compliant financial transactions. Obita’s technology is designed to simplify cross-border settlements whilst maintaining high compliance and security standards. This integration is expected to improve YY Group’s cross-border capital flows and offer faster, lower-cost payouts for platform users, including international students and gig workers.
Mike Fu, CEO of YY Group, highlighted the significance of the partnership, stating, “Partnering with Obita enables us to optimise enterprise costs whilst delivering faster, more transparent, lower-cost settlement options to the hundreds of thousands of workers and clients we support worldwide.”
Zhang Dayong, CEO of Obita, added, “YY Group represents exactly the type of large-scale, real-world ecosystem where compliant stablecoin infrastructure can deliver immediate impact.”
The collaboration was announced at the PayFi Summit, where both companies discussed the potential of stablecoin infrastructure to transform cross-border worker payments. The initiative is part of YY Group’s strategy to expand its presence in Southeast Asia, the Middle East, and other growth markets.
As YY Group continues to scale, the integration with Obita’s technology is expected to strengthen its margins and accelerate global expansion efforts.
