YY Group Holding Limited, a global workforce solutions and integrated facility management (IFM) platform provider, announced that it has entered into a Memorandum of Understanding (MOU) with Obita, a Singapore-based, enterprise-level cross-border payment and digital financial network. 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 shared that its infrastructure is designed to simplify cross-border settlements for enterprises while maintaining high compliance and security standards. Businesses require payment rails that are intuitive and regulatory-ready, alongside enterprise-grade controls such as role-based approvals and real-time monitoring. These capabilities, Obita emphasized, are what make stablecoin-powered infrastructure a credible foundation for serving both gig workers and enterprises at scale. Both Obita and YY Group are committed to leveraging this model to expand financial inclusion for gig workers worldwide, particularly in emerging markets
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On the enterprise level, the integration will streamline YY Group’s cross-border capital flows, including intra-group financing and loan repayment, supporting efficiency and margin improvement as YY Group scales. For platform users, particularly international students and gig workers, Obita’s technology will offer faster, lower-cost payouts and the option to hold savings in fiat-backed stablecoins to mitigate local currency volatility, strengthening worker engagement and retention within YY’s ecosystem. Simplified cross-border settlement also underpins the Company’s international expansion strategy across Southeast Asia, the Middle East and other growth markets, where the Company plans to launch regional pilots.
Mike Fu, Group Chief Executive Officer of YY Group, said, “Cross-border payments are a key operational lever for scaling our global platform. Partnering with Obita enables us to optimize enterprise costs while delivering faster, more transparent, lower-cost settlement options to the hundreds of thousands of workers and clients we support worldwide. This positions YY Group to scale more efficiently, strengthen our margins and accelerate our global expansion initiatives.”
Zhang Dayong, Co-founder and Chief Executive Officer of Obita, commented, “YY Group represents exactly the type of large-scale, real-world ecosystem where compliant stablecoin infrastructure can deliver immediate impact. Our collaboration shows how technology and regulation can work hand in hand to make cross-border payouts efficient, secure and inclusive.”
Senior leaders from both companies recently participated in the PayFi Summit, TOKEN2049 Singapore’s most influential payment conference, to announce their collaboration and discuss how compliant stablecoin infrastructure can transform cross-border worker payments and accelerate the digitalization of the gig economy. Both companies emphasized this model’s potential to enhance financial inclusion for gig workers globally, particularly in underserved regions.
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