- StraitsX and KBank link Singapore and Thailand through XSGD cross-border payment rails.
- The partnership expands stablecoin-based settlements to Japan and Taiwan by 2026.
- Integration enables real-time, transparent FX conversion via national QR systems.
StraitsX announced plans to expand its payment network across Thailand, Taiwan, and Japan through a partnership with KASIKORNBANK. The Singapore-based stablecoin issuer will integrate its XSGD settlement layer into consumer and institutional payment platforms across the four markets.
The rollout is scheduled to begin in Q2 2026, according to a company announcement made on November 4. StraitsX will collaborate with KBank and Orbix Technology in Thailand, while developing parallel integrations with payment frameworks in Taiwan and Japan. The network will use XSGD stablecoins to facilitate cross-border transactions between participating merchants and consumers.
Thailand-Singapore Payment Corridor
The Thailand integration will connect the country’s national QR Payment system with Singapore’s SGQR framework. Thai travelers visiting Singapore will be able to pay at GrabPay and select PayNow-enabled merchants using KBank’s Q Wallet, with merchants receiving settlement in Singapore dollars. A second phase will enable Singapore travelers to use their home wallets at Thai merchants, pending regulatory approval.
Tianwei Liu, CEO and co-founder of StraitsX, stated that the partnership demonstrates how digital assets can facilitate real-time settlement and transparent foreign exchange conversion through existing consumer payment rails. The integration follows StraitsX’s launch of Singapore’s first stablecoin scan-to-pay system in September.
Regional Expansion to Northeast Asia
StraitsX will expand its network to Japan and Taiwan through a regional settlement framework that connects regulated payment platforms. Users in both markets will be able to make payments at participating Southeast Asian merchant networks, with XSGD handling cross-border settlement in the background.
The company operates as a Major Payment Institution licensed by the Monetary Authority of Singapore. StraitsX issues both XSGD and XUSD stablecoins for payment settlement. KBank, through its subsidiary Orbix Technology, developed Quarix blockchain infrastructure to support the integration.