Obita, an enterprise-level cross-border payment and digital financial network, today announced that it has entered into a Memorandum of Understanding (MOU) with YY Group Holding Limited (Nasdaq: YYGH) (“YY Group” or the “Company”), a global workforce solutions and integrated facility management (IFM) platform provider. Under the MOU, YY Group will integrate Obita’s enterprise-grade, stablecoin payment infrastructure into its global gig workforce platforms and corporate operations, equipping YY Group with scalable, compliant rails for receivables, payables and treasury management.
Obita announced that its infrastructure is engineered to streamline cross-border settlements for enterprises while adhering to rigorous compliance and security standards. Recognising the need for payment rails that are both intuitive and fully regulatory-compliant, the platform incorporates enterprise-grade controls such as role-based approvals and real-time transaction monitoring. Obita emphasised that these features establish stablecoin-powered infrastructure as a reliable and scalable foundation for servicing both gig workers and enterprises. Both Obita and YY Group are dedicated to leveraging this model to enhance financial inclusion for gig workers globally, with a particular focus on 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.”
The integration will enhance YY Group’s cross-border capital flows at the enterprise level, streamlining processes such as intra-group financing and loan repayments. This will drive improved operational efficiency and margin expansion as YY Group continues to scale. For platform users, particularly international students and gig workers, Obita’s technology enables faster, more cost-effective payouts, alongside the ability to hold savings in fiat-backed stablecoins to hedge against local currency volatility. This capability will bolster worker engagement and retention within YY Group’s ecosystem. Additionally, simplified cross-border settlements will support YY Group’s international growth strategy, with planned regional pilots across Southeast Asia, the Middle East, and other emerging markets.
“Cross-border payments are a key operational lever for scaling our global platform. 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”
stated Mike Fu, Group Chief Executive Officer of YY Group.
“This positions YY Group to scale more efficiently, strengthen our margins and accelerate our global expansion initiatives.”
Senior leaders from both companies recently announced the partnership at the PayFi Summit, TOKEN2049 Singapore’s premier payment conference. They discussed how compliant stablecoin infrastructure can revolutionise cross-border payments for workers and accelerate the digital transformation of the gig economy. Both organisations emphasised this model’s potential to significantly enhance financial inclusion for gig workers globally, especially in underserved regions.