YY Group integrates Obita’s stablecoin rails to streamline global workforce payments, enhance inclusion, and boost cross-border efficiency.
Obita, an enterprise-level cross-border payments and digital financial network, has signed a Memorandum of Understanding (MOU) with YY Group Holding Limited (Nasdaq: YYGH), a global workforce solutions and integrated facility management (IFM) provider.
The partnership will see YY Group adopt Obita’s enterprise-grade stablecoin infrastructure across its gig workforce platforms and corporate operations, providing compliant rails for receivables, payables, and treasury management.
A key focus of the collaboration is to enhance financial inclusion for gig workers in emerging markets, where access to fast and affordable payment solutions remains limited.
“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.”
For YY Group, the integration will strengthen capital flows across its global operations by streamlining processes such as intra-group financing and loan repayments. The improvements are expected to enhance operational efficiency and support margin expansion as the company scales internationally.
For platform users, including international students and gig workers, Obita’s technology enables faster and more affordable payouts, as well as the option to hold savings in fiat-backed stablecoins as a hedge against local currency volatility.
“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,” said 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.”
The partnership was formally presented at the PayFi Summit, which is part of TOKEN2049 Singapore.
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