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VCI Global partners with Oobit to expand access to global payment market
Yahoo Financeยท 2025-11-26 13:40
Core Insights - VCI Global (VCIG) has formed a strategic partnership with Oobit to enhance access to the global payment market through a new crypto-to-fiat settlement infrastructure [1] - The collaboration aims to facilitate digital-asset payments with instant fiat conversion for merchants in ASEAN and other emerging markets [1] Company Overview - Oobit's platform supports payments using major digital assets such as USDT, Bitcoin, Ethereum, and OOB, allowing merchants to receive real-time fiat settlements in local currencies [1] - Oobit is backed by institutional investors including Tether, CMCC Global, and 468 Capital, as well as industry leaders like Anatoly Yakovenko, co-founder of Solana [1] Strategic Focus - The partnership will focus on accelerating merchant onboarding, enterprise integrations, and regional market expansion, particularly targeting the SME sector in ASEAN, which is a significant underserved business ecosystem [1] - By leveraging VCI Global's regional expertise and Oobit's technology, the collaboration aims to address gaps in financial infrastructure and payment accessibility [1]