The integration connects UQPAY’s Global Account infrastructure with CPN, a network operated by Circle Technology Services that enables financial institutions to coordinate cross-border transactions using regulated stablecoins, including USDC and EURC.
Expanding Global Payment Capabilities
UQPAY’s Global Account platform supports global collections, foreign exchange management and international payouts through banking and local payment networks. By connecting to CPN, the company aims to improve how payment flows are routed and coordinated between originating and beneficiary financial institutions.
According to UQPAY, the integration is designed to enhance interoperability across payment systems while providing businesses with greater flexibility when managing international fund flows.
Jack Li, Founder and CEO at UQPAY, said: “This integration with Circle Payments Network allows us to further strengthen our global payout capabilities and enhance how cross-border payments are coordinated across markets.”
Addressing Cross-Border Payment Complexity
Cross-border payments remain one of the most challenging areas of financial services, requiring businesses to navigate fragmented banking networks, foreign exchange considerations and varying settlement processes.
As international commerce continues to grow, payment providers have increasingly focused on improving the infrastructure that underpins global money movement. The goal is to reduce friction between financial institutions while improving the efficiency of payment execution.
By integrating with CPN, UQPAY joins a growing group of organisations exploring new approaches to coordinating international payment flows across multiple jurisdictions and currencies.
Stablecoins Continue to Gain Infrastructure Adoption
CPN is designed as a coordination layer that operates alongside existing financial infrastructure rather than replacing traditional banking rails. Participating institutions can coordinate settlement activity using regulated stablecoins while continuing to leverage established banking relationships and local payment systems.
The model reflects a broader trend across the payments industry, where stablecoin technology is increasingly being evaluated for operational and settlement purposes rather than consumer-facing use cases.
Irfan Ganchi, SVP of Product Management, Payments at Circle, stated: “UQPAY’s integration with Circle Payments Network supports more efficient coordination of cross-border payment flows across global markets.”
Growing Focus on Next-Generation Payment Rails
While businesses continue to transact through traditional fiat accounts, new settlement and coordination networks are emerging to support faster and more flexible movement of funds behind the scenes.
As financial institutions seek alternatives to legacy correspondent banking processes, infrastructure providers are increasingly exploring how digital settlement networks can improve the efficiency of global payments while maintaining compatibility with existing financial systems.
