UQPAY Pty Ltd Receives ASIC Australian Financial Services Authorised Representative Status
On 18 June 2026, UQPAY Pty Ltd, the Australian subsidiary of Singapore‑headquartered UQPAY Group, announced that it has been officially registered as an Australian Financial Services (AFS) Authorised Representative with the Australian Securities and Investments Commission (ASIC), with the registration taking effect on 15 April 2026. The authorisation permits UQPAY Australia to operate within Australia’s stringent financial services regulatory framework and to provide enterprise clients with compliant payment solutions.
The newly authorised entity will offer a suite of services that includes aggregated acquiring solutions to streamline merchant payment acceptance, virtual banking solutions that allow businesses to manage local Australian dollar (AUD) accounts, and corporate card issuance backed by UQPAY Group’s principal memberships in Visa, Mastercard and UnionPay International. These offerings are supported by UQPAY Group’s global network, which spans more than 200 countries and regions, enabling an integrated cross‑border payment experience for both local and international businesses operating in Australia.
"This registration reflects our dedication to regulatory excellence and our long‑term commitment to the Australian market," said Jack Li, Chief Executive Officer of UQPAY Group. He added that Australia is a key market in the Group’s global expansion strategy and that achieving ASIC authorisation provides a critical foundation for delivering trusted, compliant, and innovative payment solutions to businesses in one of the Asia‑Pacific region’s most dynamic economies.
Looking forward, UQPAY Australia plans to continue investing in local capabilities, deepen partnerships with Australian financial institutions, and expand its product portfolio to meet evolving business needs. The announcement underscores UQPAY Group’s broader vision of building a smarter, more open, and interconnected global payment era, with a focus on driving innovation, enhancing payment security and efficiency, and delivering exceptional value to its clients.
About UQPAY Group
Founded in 2016, UQPAY Group is a global fintech innovation group that operates across digital payments, Payment Software‑as‑a‑Service, and fintech venture capital. The Group holds key payment and financial licences across the Asia‑Pacific, Europe and North America, and serves as a principal member of the three major card networks—Visa, Mastercard and UnionPay International. Its end‑to‑end, secure, and compliant full‑stack payment infrastructure is designed to empower businesses to achieve borderless growth in the digital and intelligent economy.