Asia Pacific Cross border New Chapter
PlatON, the digital public infrastructure, announced the establishment of a partnership with StraitsX, a leading digital asset infrastructure in Southeast Asia, and Allinpayintl, a global financial payment company, marking a new stage of development in the cross-border payment field in the Asia Pacific region. This cooperation will not only promote the efficiency and convenience of capital flow in Singapore, Hong Kong, and even the entire Asia Pacific region, but also actively respond to the urgent demand for faster settlement speed, lower transaction costs, and higher security in the current global payment system.
As a provider of digital public infrastructure, Platon’s application of blockchain technology provides a transparent, secure, and traceable solution for cross-border payments, effectively reducing the trust cost and time delay caused by the large number of intermediaries in traditional cross-border payments. Through Platon’s platform, both parties can directly exchange value, greatly simplifying the payment process and improving the efficiency of fund utilization.
As a leader in digital asset infrastructure in Southeast Asia, StraitsX’s profound accumulation in digital asset management and compliance has injected strong regional advantages and professional capabilities into this cooperation. The addition of StraitsX not only broadens the channels for cross-border payments, but also makes the payment process more compliant with local regulatory requirements, ensuring the legality and security of transactions.
The participation of Allinpayintl, a global financial payment company, further enhances the global payment capabilities of this collaborative portfolio. Allinpayintl’s global payment network and extensive cross-border payment experience provide merchants and users in the Asia Pacific region with a wider range of flexible payment options. Whether it’s large commercial payments or small personal transfers, they can be processed quickly and conveniently.
PlatON’s TOPOS cross chain acquiring system has made significant progress in recent times
- Allinpay POS machine QRPAY and PayNow technical solutions have been determined:
In November, the TOPOS team successfully completed the determination of QRPAY and PayNow technology solutions related to Allinpay POS machines. TOPOS has made significant breakthroughs in payment technology, laying a solid technical foundation for future cross chain payment services.
The team has also clarified the technical implementation roadmap, clear implementation plan and timetable, and will gradually advance the development of the project according to the established steps. - Cross chain acquiring system and ZKPAY integration:
The TOPOS cross chain acquiring system has successfully integrated with ZKPAY, achieving unified access for merchants. This step is crucial for improving the compatibility and scalability of payment systems, enabling TOPOS to support a wider range of payment methods and digital currencies.
Through cooperation with stablecoin issuers, TOPOS has achieved automated settlement from digital currency to fiat currency. Innovative measures have greatly reduced the threshold for traditional offline merchants to accept digital currencies, providing a more convenient and efficient payment method. - Develop GIMLET platform for MPI licensed institutions:
TOPOS has developed the GIMLET platform for MPI licensed institutions. This platform integrates unified acquiring services for digital currency and fiat currency, providing merchants with a more comprehensive payment solution.
Notes: MPI licensed institutions refer to payment institutions that hold MPI (Major Payment Institution) licenses in Singapore. MPI license is a high-level financial license issued by the Monetary Authority of Singapore (MAS), which allows licensed institutions to provide comprehensive payment services in Singapore, including but not limited to account issuance services, domestic and cross-border remittance services, merchant acquisition services, electronic currency issuance services, digital payment token services, and currency exchange services. They not only provide payment solutions for local and cross-border merchants, but also promote the circulation and settlement between digital currencies and fiat currencies. In addition, due to the strict regulatory requirements of MPI licenses, licensed institutions usually have a high reputation and professional level, which enables them to provide customers with safer and more reliable payment services.
The successful development of the GIMLET platform not only demonstrates TOPOS’s technological strength in the payment field, but also provides a blueprint and reference for future cooperation with more acquiring institutions.