According to a Nov 27 announcement, the core offerings include: merchant payment services that enable businesses to accept payments in the form of credit card, e-wallets, crypto currencies from a global customer base without ever being exposed to price volatility; and business remittance services which cater to business-to-business (B2B) payment cases by using stablecoin as the conduit of transfer for a more cost effective and faster cross-border transfer.
OxPay Financial has received in-principle approval (IPA) for a Financial Services Licence from the Gelephu Financial Services Office (GFSO) to provide regulated money services in or from Gelephu Mindfulness City (GMC), Bhutan, through a new wholly-owned subsidiary to be established in GMC.
Subject to the fulfilment of the remaining regulatory pre-conditions to the GFSO’s satisfaction within three months and the grant of the Licence, OxPay’s GMC-based subsidiary aims to introduce a suite of digital payment services tailored for businesses seeking to offer diverse payment options.
