Orbix Technology, KBank and StraitsX Sign MOU to Enhance Cross-Border Payment Innovation Through Blockchain Technology

Orbix Technology & Innovation has officially signed a Memorandum of Understanding (MOU) with KASIKORNBANK (KBank), Thailand's leading commercial bank, and StraitsX, the regulated stablecoin issuer of XSGD in Singapore. The partnership aims to develop blockchain-based cross-border payment solutions to enhance convenience, efficiency, and security for Thai travelers making payments in Singapore.

The signing ceremony was attended by Dr. Karin Boonlertvanich, Executive Vice President, KASIKORNBANK (center), Mr. Yanvith Raksri, Managing Director, Orbix Technology & Innovation Co., Ltd. (left), and Mr. Tianwei Liu, Co-founder and CEO, StraitsX (right)

This collaboration elevates the cross-border payment systems through the power of blockchain technology, fostering seamless digital connectivity between Thailand and Singapore.

In its first phase, the partnership focuses on improving payment experiences for Thai travelers visiting Singapore via the Q Wallet by KBank application. Through this service, users will be able to make payments seamlessly via QR code at merchants across Singapore, providing a frictionless and familiar experience for Thai consumers abroad. The initiative is currently operating under the Regulatory Sandbox framework of the Bank of Thailand, ensuring that all developments meet regulatory and security standards.

At the heart of this innovation is Quarix, the blockchain infrastructure developed by Orbix Technology.

Quarix serves as the core network powering Q-money and Q Wallet, enabling secure connectivity with StraitsX’s regulated payment system to facilitate real-time settlements between Thai Baht (THB) and XSGD (Singapore regulated stablecoin).

This system demonstrates how blockchain can bridge traditional banking with next-generation digital payment infrastructure, delivering greater transparency, faster settlement, and reduced intermediary costs.

The next phase of collaboration will expand toward bilateral blockchain-based payment connectivity, further strengthening the digital financial infrastructure linking Thailand and Singapore.

This initiative underscores both nations’ commitment to becoming regional leaders in digital economy development and represents a key step toward creating a secure, scalable, and interoperable cross-border payment ecosystem in ASEAN.