OSL Pay Integrates StraitsX Infrastructure to Enable USD Access

OSL Pay is embedding USD access into its platform through an infrastructure integration with StraitsX.

The payments arm of OSL Group has adopted StraitsX’s DVA/+ dedicated virtual account infrastructure, part of its stablecoin-native settlement layer, enabling users to fund accounts and manage USD liquidity directly within OSL Pay.

The integration allows USD flows to operate as part of the platform experience rather than through separate or manual processes.

said Anthony Koo, Head of Payments, StraitsX.

StraitsX said its DVA/+ infrastructure has supported about US$1.6 billion in gross transaction value across its partner ecosystem since launching just over six months ago, pointing to rising institutional adoption of infrastructure-led fiat and digital asset settlement.

By relying on external settlement infrastructure, OSL Pay is able to standardise USD access across its platform while focusing on transaction processing and product development.

The services are intended for global clients and are not available to members of the public in Singapore.

said JingWei, CEO of OSL Pay.

The rollout of USD virtual accounts is expected to support both institutional and individual users.

The integration also takes into account the evolving nature of money-laundering and terrorism financing typologies, with measures in place to mitigate such typologies.

Featured image: Edited by Fintech News Hong Kong, based on image by thanyakij-12 via Freepik

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