UQPAY has integrated with Circle Payments Network, linking its global account system with a network used for cross-border stablecoin transactions.
The integration connects UQPAY to Circle Payments Network, a coordination layer operated by a Circle affiliate that supports payment and settlement flows between financial institutions. The arrangement is intended to improve how UQPAY manages cross-border collections, payouts, and foreign-exchange execution across markets.
Circle Payments Network is designed to help institutions coordinate cross-border payments using regulated stablecoins, including USDC and EURC. It works alongside existing banking rails and local payment systems rather than replacing them, allowing participants to organise payment and settlement across different financial infrastructures.
For UQPAY, the tie-up focuses on its Global Account product, which allows businesses to collect funds across multiple regions and currencies, send payouts via banking and local payment networks, and manage foreign exchange and treasury flows within a single account structure.
The network is expected to improve interoperability between originating and beneficiary financial institutions. It should also provide greater flexibility when coordinating transactions involving multiple currencies and payment systems.
Cross-border focus
The agreement reflects a broader push by payments groups to combine traditional fiat infrastructure with digital settlement tools in cross-border transactions. Businesses using these systems often continue to operate through standard account arrangements. At the same time, settlement and routing occur in the background across a mix of banking rails, local payment schemes, and, in some cases, stablecoin networks.
That approach has drawn growing attention from financial technology firms seeking to reduce friction in international payments, where settlement can involve several counterparties, different currencies and fragmented domestic systems. By linking financial institutions through a common coordination layer, providers aim to make payment flows easier to route and reconcile.
UQPAY said the integration would support more efficient execution of cross-border payments and broaden the range of global payment use cases it can serve. Businesses operating across several markets should also see better coordination across payment corridors and counterparties.
Circle has been expanding its payments network as interest in regulated stablecoins grows among financial firms exploring alternatives for moving money across borders. Stablecoins are digital tokens typically pegged to fiat currencies and are increasingly being tested in payment and treasury operations, particularly where firms want shorter settlement times or round-the-clock transfer options.
Company background
UQPAY describes itself as a fintech group with operations in digital payments, payment software and venture capital. Headquartered in Singapore, it says it holds payment and financial licences across Asia, Oceania, Europe and North America, and is a principal member of Visa, Mastercard and UnionPay International.
Founded in 2016, the company has focused on building payment infrastructure for businesses handling international transactions. Its latest integration signals continued demand from payment providers for systems that connect established financial networks with newer digital settlement models.
"UQPAY's integration with Circle Payments Network supports more efficient coordination of cross-border payment flows across global markets," said Irfan Ganchi, SVP of Product Management, Payments at Circle.
Jack Li, CEO and Founder of UQPAY, outlined the company's view of the arrangement.
"This integration with Circle Payments Network allows us to further strengthen our global payout capabilities and enhance how cross-border payments are coordinated across markets," said Li.