YY Group Holding Limited, a global provider of workforce solutions and facility management services, announced that it has signed a Memorandum of Understanding (MOU) with Obita, a Singapore-based digital financial network for cross-border payments.
Under this agreement, YY Group will use Obita’s stablecoin payment system in its global gig workforce platforms and corporate operations. This will give YY Group a scalable and compliant system to manage payments, collections, and treasury operations.
Obita said its system is made to make cross-border payments easier for businesses while keeping high standards of compliance and security. Companies need payment systems that are simple to use, follow regulations, and have features like role-based approvals and real-time tracking.
Obita highlighted that using stablecoins provides a reliable way to handle payments for both gig workers and businesses at a large scale. Both Obita and YY Group plan to use this system to increase financial access for gig workers around the world, especially in emerging markets.
For businesses, integrating Obita’s system will make YY Group’s cross-border payments easier, including internal loans and repayments. This will help the company operate more efficiently and improve profits as it grows.
For platform users like international students and gig workers, Obita’s technology will provide faster, cheaper payments and the option to save money in stablecoins to avoid local currency fluctuations. This will help keep workers engaged and support YY Group’s expansion in Southeast Asia, the Middle East, and other markets through regional pilot programs.
Mike Fu, CEO of YY Group, said that cross-border payments are important for growing their global platform. Partnering with Obita will help the company reduce costs and provide faster, more transparent, and cheaper payments for hundreds of thousands of workers and clients worldwide. This will allow YY Group to grow efficiently, improve profits, and expand globally faster.
Zhang Dayong, CEO of Obita, said that YY Group is a perfect example of how stablecoin technology can make a big impact. Their partnership shows that technology and regulations can work together to make international payments safe, fast, and inclusive. Leaders from both companies recently shared this collaboration at the PayFi Summit in Singapore, highlighting how it can improve payments for gig workers and support financial access in underserved regions.
YY Group Holding Limited is a technology-driven company based in Singapore that provides flexible workforce solutions and facility management (IFM) services across Asia and other regions. The company focuses on two main areas: on-demand staffing and IFM, helping industries like hospitality, logistics, retail, and healthcare with reliable and adaptable support.
Using its own digital platforms and smart IoT systems, YY Group helps clients handle changing labor needs and maintain high-quality operations. Besides Singapore and Malaysia, the company is expanding its presence in Asia, Europe, Africa, Oceania, and the Middle East.
Obita is a professional payment platform for businesses. It allows companies to make payments using both stablecoins and regular money (fiat), giving them a strong and flexible way to handle transactions. Obita supports many types of payments and aims to improve financial access for businesses and workers worldwide.
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