UQPAY Launches Fiat-Crypto Payment Platform
UQPAY launched a full-stack payment infrastructure designed to seamlessly bridge fiat and stablecoins for global commerce. The move shows that enterprise and cross-border clients increasingly demand payment flexibility, requiring platforms to support both legacy and next-gen financial rails.
Singapore-based UQPAY, founded in 2016, is a principal member of Visa, Mastercard, and UnionPay International, operating across Asia-Pacific, Europe, and North America. The company’s new platform aims to solve payment fragmentation for businesses that manage multiple providers and deal with divergent international regulations. The platform's single API integration supports transactions in over 200 markets and more than 140 currencies. UQPAY's CEO and Founder, Jack Li, stated the infrastructure is designed to eliminate the need for separate systems to handle traditional and digital currency types. Its core feature is a "dual-rail" architecture, which combines traditional payment networks with modern blockchain infrastructure. This allows businesses to accept, manage, and settle both fiat currencies and multi-chain stablecoins within a single operational framework, a significant shift from siloed systems. The system is specifically tailored for high-growth global sectors such as cross-border e-commerce, SaaS, digital content, and Web3-native enterprises. For these businesses, the platform centralizes treasury control, payment orchestration, and liquidity management. Functionally, this allows a company to use one provider for a range of services including global card acquiring, multi-currency virtual accounts, and corporate card issuing with granular spending controls. The platform also embeds compliance and security features like 3D Secure authentication and tools for managing disputes and chargebacks. This model taps into the primary benefits of stablecoin payments, which can offer near-instant settlement times compared to the multi-day process of traditional correspondent banking. The typical cost of traditional remittance fees is nearly 6.5% per transaction, a figure stablecoin transfers aim to significantly reduce.
