OxPay is principally engaged in providing merchant payment services and digital commerce enabling services, offering online-to-offline (“O2O”) solutions through a fully integrated platform across Singapore, Malaysia, Thailand, Bhutan, and Indonesia. Under its phased recovery strategy, OxPay is strengthening its core B2B merchant payment services while expanding directly into the consumer market with a planned B2C mobile payment platform rollout. Concurrently, its subsidiary Oxygen7 Pte. Ltd. plans to launch its crypto payment operations by leveraging on its financial services licence in Bhutan to provide regulated crypto merchant payments and stablecoin cross-border remittances to businesses across South Asian markets.

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