Singapore, 6 October 2026 — Independent Reserve (IR), one of the first digital asset firms licensed under Singapore's Payment Services Act, expands its service offerings to help businesses make cross-border payments in fiat currencies or stablecoins. Built into Independent Reserve’s existing platform, it gives businesses a way to pay overseas suppliers, send international payroll and move funds between corporate entities.

Businesses can fund their accounts in SGD or USD, then pay overseas suppliers, subsidiaries or remote employees in their local currencies. The service supports more than 20 currencies, covering most G10 and several ASEAN currencies. Funds can be sent in real time to bank accounts, e-wallets or cards.

Businesses can also accept customer payments in stablecoins such as USDC or USDT directly into their Independent Reserve accounts. By connecting their existing systems through an API integration, they can automate transactions and track payments as they happen, making reconciliation simpler.

Lasanka Perera, CEO of Independent Reserve Singapore, said: “Stablecoins have found clear product-market fit in cross-border payments. They allow businesses to settle transactions around the clock and rotate capital across markets more efficiently. We hear that demand firsthand from our clients in Singapore, many of whom trade internationally. Our new payments service gives clients a faster, smoother way to transact and settle using digital assets, with the confidence of working with a regulated provider they already know and trust.”

While customers and businesses have become used to near-instantaneous transactions, cross-border settlement can still involve multiple intermediaries, currency conversions and processing delays. IR’s payments service is designed to reduce this friction by connecting digital asset settlement with local payment rails.

With instant payouts, clients can boost the efficiency of their transactions without cross-border banking delays. All payments will settle on the same day, regardless of the number of countries involved. This ensures that organisations operating across multiple markets can navigate different currencies and payment systems with greater speed and simplicity.

Re-disseminated by The Asian Banker