Fintech company Hecto Financial announced on the 11th that it will participate in the Singapore Fintech Festival (SFF) and establish a concrete cooperation framework for the stablecoin distribution business together with various global wallet and stablecoin infrastructure companies.
Celebrating its 10th anniversary this year, SFF is the largest fintech-focused business exhibition in Asia, hosted by the Monetary Authority of Singapore (MAS). It will be held for three days from November 12 to 14. SFF serves as a platform to explore the future direction of financial services and the trends of digital transformation reshaping the global economy through a variety of programs. Last year, more than 65,000 people from 134 countries participated.
Hecto Financial will operate a booth under the themes of "Global Stablecoin Service" and "Leap Forward as an East Asian Global Fintech Company." The company plans to discuss specific cooperation measures with various global wallet service providers and stablecoin infrastructure companies to build and directly provide global stablecoin-based payment and remittance services.
In addition, during the SFF, Hecto Financial will introduce overseas clients to its services, including: ▲ a foreign currency settlement service that enables global merchants to manage funds in Korea without establishing a local entity; ▲ a payment gateway and card processing service that integrates various payment methods in Korea at once; and ▲ "NaeTongJang Payment," a cash payment method that allows simple payments using only a mobile phone number.
Recently, Hecto Financial has been working to become a global fintech company by expanding its cross-border payment hub network and enhancing the efficiency of cross-border settlements using stablecoins. The company has already established a subsidiary in Japan to actively target the East Asian market and is preparing to enter other strategic locations such as Abu Dhabi, Singapore, and Taiwan.
A representative from Hecto Financial stated, "Hecto Financial is currently engaged in practical work discussions with various global partners to promote the stablecoin distribution business. Through this SFF, we plan to form partnerships with more partners and accelerate new business initiatives. By proactively introducing payment and remittance services utilizing stablecoins, which are rapidly emerging as next-generation payment methods, we aim to become a global fintech company serving as a payment hub for East Asia."
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