UQPAY Launches Fiat-to-Stablecoin Payment Stack
Singapore-based fintech company UQPAY has launched a full-stack payment infrastructure designed to bridge traditional fiat and stablecoin transactions. The platform unifies global acquiring, card issuing, and crypto accounts into a single compliance-focused ecosystem for global merchants.
UQPAY's new platform tackles the growing complexity businesses face from fragmented payment providers and diverse regulatory environments across markets. The goal is to consolidate the entire payment lifecycle, from receiving funds to managing and sending them, across both traditional and crypto rails. The core of the offering is a "dual-rail architecture," which integrates traditional payment systems like Visa and Mastercard with blockchain-based infrastructure. This allows businesses to accept, convert, and settle stablecoins such as USDC and USDT alongside 140+ fiat currencies within a single operational framework. The platform is designed for global scale, supporting businesses operating in over 200 markets. Key features include global acquiring for online and in-store payments, multi-currency accounts, cross-border payouts through SWIFT and local networks, and corporate card issuing. Founded in 2016 by CEO Jack Li (also known as Li Wangjian), the Singapore-headquartered company has been building its capabilities in digital payments and payment software-as-a-service. The company is a principal member of Visa, Mastercard, and UnionPay International, connecting it to major global card networks. Beyond traditional e-commerce, UQPAY is positioning itself for future payment models, including those driven by artificial intelligence. The infrastructure in Australia is compatible with the Universal Commerce Protocol (UCP) and supports the x402 payment protocol, an AI-native standard for machine-to-machine transactions. The product targets high-growth, cross-border sectors including SaaS and subscription platforms, gaming, digital content, online education, and travel. It aims to provide a unified financial system for these companies to manage international operations and treasury functions. A major emphasis is placed on compliance and security, with features like 3D Secure authentication, KYC/AML procedures, and dispute management tools embedded in the system. UQPAY states it operates only in jurisdictions where it is fully licensed and authorized.
