UQPAY Secures Hong Kong MSO License, Accelerating Its Asia-Pacific Cross-Border Payment Network

2025-11-24

Hong Kong, November 17, 2025 — UQPAY, a global provider of enterprise digital payment and cross-border treasury management solutions, announced today that its Hong Kong entity has officially obtained the Money Service Operator (MSO) license issued by the Hong Kong Customs and Excise Department. This regulatory approval strengthens UQPAY’s strategic presence in the Asia-Pacific cross-border payment landscape and marks a significant upgrade in its capabilities across HKD cross-border clearing, offshore RMB (CNH) settlement, and offshore USD routing, enabling more flexible and controllable settlement options for merchants and enterprises operating across the region.

1. Strategic Positioning: Hong Kong as a Gateway for Asian and Global Liquidity

As a highly internationalized offshore financial center, Hong Kong plays a central role in Asia’s cross-border trade and global capital flows. Its comprehensive clearing ecosystem—including CHATS, RTGS, and FPS, the world’s largest offshore RMB liquidity pool, deep connectivity with the global USD system, and a stable, transparent regulatory environment, collectively position Hong Kong as a multi-rail clearing hub for HKD, CNH, and USD. With the rapid growth of cross-border e-commerce, digital supply chains, and the digital asset economy, market demand for high-availability HKD clearing, real-time FX liquidity, and cross-border treasury management continues to rise. UQPAY’s approval of the MSO license is set to play a catalytic role in addressing this structural demand.

2. Business Upgrade: Building a Multi-Currency, Dual-Hub Cross-Border Payment

With the MSO license coming into effect, UQPAY’s cross-border capabilities in Hong Kong and the wider Asia-Pacific region will be significantly enhanced:

2.1 Strengthened HKD Clearing and Settlement Capabilities

Including HKD local clearing, HKD cross-border settlement and HKD FX liquidity and conversion support.

2.2 Upgraded Offshore RMB (CNH) and USD Cross-Border Efficiency

The efficiency will be improved through optimized CNH/USD cross-border flows, enhanced global liquidity pool connectivity, and supported multi-path FX clearing and routing.

2.3 Establishing a Singapore–Hong Kong Dual-Center Clearing Network

Leveraging UQPAY’s existing Singapore MPI license, the company will form a coordinated two-hub structure to support multi-currency international receiving, corporate B2B cross-border remittances and global treasury consolidation.

2.4 Strengthening Asia-Pacific Payment Connectivity

As a principal member of Visa, Mastercard, and UnionPay International, UQPAY will further enhance multi-currency acquiring, cross-border remittance and treasury linkage, payment orchestration, automated clearing, and reconciliation capabilities.

3. Compliance Expansion: A Multi-Market Global Licensing Footprint

UQPAY has established regulatory-compliant operations across multiple jurisdictions, including: Singapore MPI license, U.S. MSB registration, Arkansas Money Transmitter License (MTL), Australia AUSTRAC remittance registration. The addition of the Hong Kong MSO license further strengthens the company’s clearing network and forms a multi-market, multi-scenario compliance framework, ensuring that all cross-border transactions remain secure, transparent, and fully traceable.

“Compliance is the foundation of fintech,” said Li Wangjian, CEO of UQPAY. “Securing the Hong Kong MSO license marks a pivotal advancement in UQPAY’s Asia-Pacific cross-border payment strategy. Moving forward, we will continue to build a multi-rail clearing infrastructure spanning HKD, CNH, and USD, delivering faster, more transparent, and more secure cross-border financial solutions for enterprises worldwide.”

CONTACT UQPAY

Website: www.uqpay.com

Facebook: www.facebook.com/uqpaytechnology

LinkedIn: www.linkedin.com/company/uqpay

Twitter: www.x.com/uqpaysg

UQPAY Group

9 North Buona Vista Drive, #02-01, Metropolis Tower 1, Singapore 138588

Email: [email protected]