OSL Group (863.HK), a publicly listed company dedicated to crypto assets, announced the launch of OSL Pay on 29 April 2025. This is a new business division which intends to revolutionise cross-border fiat-to-crypto payment infrastructure.
The launch marks the first step in OSL Pay’s global business strategy, starting with operations in Europe through its existing OAM registration (equivalent to a VASP) in Italy, with a planned launch in Q2.
OSL Pay aims to offer institutions and retail clients a secure and reliable payments infrastructure. It would purportedly include personalised onboarding with dedicated account managers and a unified API/SDK for easy integration across payment methods. The platform would be supported by robust fiat infrastructure.
OSL Pay’s purpose is to solve the growing need for smooth cross-border value transfers between traditional and digital asset markets. The platform’s unified design could allow financial institutions, exchanges, and businesses to switch between fiat and crypto efficiently.
It is apparently built to comply with the EU’s Markets in Crypto-Assets (MiCA) regulations and global AML standards.
Kevin Cui, Executive Director and CEO of OSL Group, stated,
“Our technology ensures money flows as freely across borders and between asset classes as data does across the internet, but with compliance safeguards that financial institutions require.”
OSL Group has also appointed Teo Jing Wei to lead the launch of OSL Pay. Teo’s expertise includes leadership roles at top cryptocurrency exchanges, where he spearheaded global business development and regulatory strategies.
Teo shared that by combining their local expertise with OSL’s blockchain technology, OSL can offer merchants and financial institutions a bridge between traditional and digital asset payments.
Source of image: Edited from Freepik